Oil prices surged past $100 a barrel as escalating Middle East hostilities sent shockwaves through global markets. US stock futures dropped sharply while investors braced for continued volatility amid concerns about oil shipping and infrastructure. The dollar strengthened as traders sought safe-haven assets amid the geopolitical turmoil.

Escalating conflicts in the Middle East have disrupted oil shipping routes and raised fears about supply chain vulnerabilities. Energy infrastructure in key producing regions faces mounting pressure as tensions mount. The market reaction reflects growing anxiety about potential supply disruptions that could further drive up energy costs worldwide.

Gold prices declined even as traditional safe-haven demand typically increases during geopolitical crises. This unusual market behavior suggests investors are positioning for a prolonged period of uncertainty. With oil trading above $100 and stock futures under pressure, the immediate focus remains on how quickly tensions might escalate and what additional impacts could emerge for global energy markets.