Stocks fall on Wall Street as oil prices jump back above $100 a barrel after Iran war escalates

Wall Street stocks declined on Wednesday as crude oil prices surged back above $100 a barrel following an escalation of the Iran war. Investors are now awaiting further updates regarding inflation throughout the week. This includes the upcoming release of the Producer Price Index for August on Thursday, which will provide critical data on wholesale price levels. The market remains volatile as geopolitical tensions drive energy costs higher while economic indicators are closely monitored by traders.