U.S. stock markets experienced significant declines as oil prices soared above $100 per barrel amid escalating conflict in the Middle East, particularly the intensifying war in Iran. The Dow Jones Industrial Average fell by nearly 700 points, marking one of the worst trading days since the onset of the war. Tech giants are facing corrections as economic risks mount, and fears of stagflation grip Wall Street. Despite some rebounds in futures trading, most major indexes closed sharply lower, with the S&P 500 and Nasdaq also suffering substantial losses. Investors are closely monitoring inflation data and oil market developments as uncertainty persists regarding the length of the conflict and its impact on global markets.