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US markets retreat, oil prices jump another 5% as Iran attacks on shipping worsen supply concerns

Markets on Wall Street retreated and oil prices jumped another 5% again early Thursday as the war in Iran approached its second week with no indication that the United States and Israel were ready to scale back their attacks. Futures for the S&P 500 lost 0. 5% before the opening bell, while futures for the Dow Jones Industrial Average were 0. 6% lower. Nasdaq futures were also down 0. 5%. On Wednesday, the Dow declined 0. 6% to its lowest level the year. Oil prices initially shot more than 9%...

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