Oil prices topped $100 a barrel again on Sunday after President Donald Trump said the US would blockade “any and all Ships trying to enter, or leave, the Strait of Hormuz,” threatening to further disrupt oil flows.
Brent crude, the international benchmark, was up 8%, at about $102. US crude was up 8% to $104.
Dow futures sank 1.04%, or 502 points. S&P 500 futures were down 1%, and Nasdaq futures declined 1.15%.
“We’re not going to let Iran make money on selling oil to people that they like and not people that they don’t like, or whatever it is. It’s going to