Crude surges, stocks tumble as Houthi attacks broaden Iran conflict
Oil prices rose sharply while stock markets fell as Houthi rebel attacks widened the Iran conflict and raised fears of U.S. ground involvement.
Oil prices rallied and stocks tumbled Monday as the Middle East crisis escalated with the entry of Houthi rebels into the Iran war. Investors grew increasingly concerned the United States would send in ground troops, fueling market volatility.