The stock market faced significant declines today as major indices experienced steep sell-offs driven by surging oil prices and escalating tensions in the Iran war. The Dow Jones Industrial Average fell over 700 points, marking its worst day since the conflict began. The S&P 500 and Nasdaq also dropped sharply, reflecting growing concerns over economic stability as oil prices climbed to near $100 a barrel. Investors are reacting to the ongoing geopolitical uncertainties and awaiting crucial inflation data, while futures trading remains volatile as market participants monitor the situation closely.