New York —
US stocks were lower and oil prices hit their highest level since 2022 as investors Monday grappled with a potential energy crisis caused by the war with Iran.
The Dow was down 375 points, or 0.8%, as of the afternoon. The S&P 500 fell 0.4%, and the Nasdaq Composite was 0.1% lower, all partially recovering from steeper losses earlier in the day.
US crude oil was up 2%, to $93 per barrel, paring gains after climbing to nearly $120 per barrel overnight. Brent crude, the international benchmark, was up 4.5%, to