Oil Prices Top $100 for First Time Since May as Iran War Roils Markets

Brent crude briefly topped $100 a barrel for the first time since May as escalating U.S.-Iran hostilities and Houthi attacks on Gulf shipping stoked supply fears. The spike rippled through Wall Street, with disappointing Tesla and Alphabet results dragging major indexes lower. Sustained triple-digit oil threatens to reignite inflation and complicate the economic backdrop for households and policymakers alike.