Oil prices are nearing $100 a barrel, driven by escalating tensions in the Middle East, particularly the ongoing U.S.-Iran conflict which has intensified in the Strait of Hormuz. Market analysts warn that disruptions in shipping and supply could push crude oil prices even higher, with predictions from Goldman Sachs suggesting a possible surge to $120 a barrel if hostilities continue. In response to these developments, U.S. stock markets are experiencing declines, with the Dow dropping significantly and the S&P 500 also facing lower futures. As Wall Street grapples with inflation concerns stemming from rising oil prices, investors are cautious amidst the backdrop of geopolitical instability.