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Wall Street Plunges: Dow Futures Drop 1,100 Points as Oil Tops $100 a Barrel
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Dow Futures Plunge 1,100 Points as Oil Soars Past $100 Amid West Asia Tensions
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CNBC TV18
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09-03-2026, 07:45
Dow Futures Plunge 1,100 Points as Oil Soars Past $100 Amid West Asia Tensions
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Dow futures plummeted 1,100 points, S&P 500 futures dropped over 150, and Nasdaq futures tumbled 6500 points in early trading.
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Crude oil prices (Brent, US Crude) surged nearly 20% to cross $100 a barrel, now trading near $110, driven by US-Iran tensions in West Asia.
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Qatar's Energy Minister warned oil could hit $150 if Gulf production is halted due to the ongoing conflict.
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Last week, Dow Jones fell 3%, S&P 500 2%, and Nasdaq 1.2%, exacerbated by a disappointing jobs report.
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Markets remain jittery over the uncertain impact of the Mideast war; key economic data and earnings reports are due this week.
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