World shares tumble as Iran war pushes crude prices over $110 a barrel

World shares tumble as Iran war pushes crude prices over $110 a barrel BANGKOK — World shares tumbled on Monday, with Japan's benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel, casting a shadow over economies heavily dependent on imports of oil and gas from the Middle East. The futures for the S&P 500, Nasdaq composite index and the Dow Jones Industrial Average were trading more than 1% lower after dropping more than 2% late Sunday. A Chinese special envoy to the Middle East, Zhai Jun, called for an end to the attacks and said strikes on non-mili

World shares tumble as Iran war pushes crude prices over $110 a barrel BANGKOK — World shares tumbled on Monday, with Japan's benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel, casting a shadow over economies heavily dependent on imports of oil and gas from the Middle East. The futures for the S&P 500, Nasdaq composite index and the Dow Jones Industrial Average were trading more than 1% lower after dropping more than 2% late Sunday. A Chinese special envoy to the Middle East, Zhai Jun, called for an end to the attacks and said strikes on non-mili