Oil prices jump and Wall Street slides with US, Iran clashing in the Strait of Hormuz

Oil prices climbed more than 5% and Wall Street veered toward losses before the opening bell Monday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz. Futures for the S&P 500 also fell 0.5% while futures for the Dow Jones Industrial Average slid 0.6%. Nasdaq futures also were [...]