Morning Bid: Middle East maelstrom

Mar 2 - What matters in U.S. and global markets today By Mike Dolan, opens new tab, Editor-At-Large, Finance and Markets Sign up here. Crude oil prices spiked as much as 10% overnight following the outbreak of war in the Middle East. Joint U.S.- Israeli strikes on Iran on Saturday have elicited a significant response from Tehran that has brought traffic through the critical Strait of Hormuz to a virtual standstill, opens new tab. Prices have cooled slightly but remain elevated. Meantime, financial markets a ...