Stocks are falling and Brent crude has surpassed $100 as the war intensifies:

Volatility gripped Wall Street, with the market falling and oil prices hitting their highest level in more than three years, as the war in Iran continued. Concerns eased as rising energy prices continued to fuel fears of inflation.

The S&P 500 erased a gain of nearly 1% as the United States stepped up attacks on Iran to unprecedented levels, and both sides threatened to escalate a conflict that had already lasted two weeks. Brent crude closed above $100. After rising following the release of disappointing economic data, Treasury bonds lost momentum, with longer-term maturities yielding lower returns. The drop in a record-breaking large-cap index exceeded 10%.