Stock futures tumbled after hours on Wednesday, building on earlier losses for the S&P 500 and Dow Jones Industrial Average, as crude-oil prices pressed higher.
The US-Israeli war with Iran rippled through markets this week, sending oil prices to their biggest weekly gain in futures trading history and sparking a sell-off in stocks across the globe.
Futures tumbled while U.S. crude oil prices soared. Iran named Khamenei's son as its new Supreme Leader.
U.S. stock-market futures fell on Sunday as crude futures surged above $100 a barrel for the first time since 2022 amid growing fears about the economic effects of the conflict with Iran.
Oil futures surged Monday after the United States and Israel launched strikes against Iran over the weekend.