Brent Crude Surges Above $115, Dow Futures Slide By 249 Points — Trump Says His 'Favorite' Thing To Do Would Be 'Take The Oil In Iran'

On Sunday evening, global markets turned volatile as oil prices spiked and equity futures slipped amid escalating rhetoric between Washington and Tehran.

Markets Slide As Oil Prices Spike On War Fears

Dow futures fell 249 points, or 0.55%, to 45,175, while S&P 500 futures declined 33.25 points, or 0.52%, to 6,379.00. Nasdaq 100 futures dropped 135.25 points, or 0.58%, to 23,193.25.

In commodities, WTI crude futures climbed 2.50% to $102.13 per barrel, while Brent crude rose 2.63% to $115.53 per barrel.

RBOB gasoline futures gained 1.18% to $3.2883 per gallon and ULSD heating oil futures advanced 1.89% to $4.5803 per gallon.

Natural gas futures fell 3.01% to $2.934 per MMBtu.

Meanwhile, the U.S. dollar index was nearly flat at 100.167, down 0.03%.

Asian markets were sharply lower, with Japan's Nikkei 225 plunging 4.67% to 50,879.22, while South Korea's KOSPI dropped 3.63% to 5,241.37.

Trump Signals Iran Oil Seizure, Troop Buildup Intensifies

Earlier in the day, Donald Trump suggested, while speaking with the ...

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