Iran Tensions Spike Oil – Stocks Tank Early, Then Trim Losses

[Chart courtesy of MarketWatch.com][Chart courtesy of MarketWatch.com]Moving the marketU.S. stocks got slammed right out of the gate, wiping out Monday’s comeback as oil prices spiked again and traders started fretting that the U.S.-Iran conflict could drag on longer than expected.The Dow was down about 1,200 points (around 2.5%) at one point, while the S&P 500 and Nasdaq each slipped roughly 2.2%.Brent crude topped $84 a barrel (up 8% today after Monday’s 6% jump), fueled by Iran’s Revolutionary Guard comm ...