US Stocks Sink as Brent Crude Nears $110, Inflation Fears Mount Amid Iran War

• US stocks fell, with the S&P 500 down 0.5%, Dow Jones 0.8%, and Nasdaq 0.5%, driven by rising oil prices and inflation worries.
• Brent crude jumped 6.2% to $109.84 per barrel, while US oil rose 2.3% to $97.70, fueled by disruptions from the Iran war.
• Iran's state television announced attacks on oil and gas infrastructure in Qatar, Saudi Arabia, and UAE following an attack on its South Pars field.
• US wholesale inflation unexpectedly accelerated to 3.4% last month, intensifying concerns about the global economy.
• The Federal Reserve is expected to keep interest rates steady, with future rate cut possibilities uncertain due to economic volatility.