Oil Prices Hit 4-Month High; Stocks Fall Sharply

Oil prices rose to a four-month high today as the standoff over Iran’s nuclear program and threats to Nigeria’s main oil region raised fears of supply shortages….

On Wall Street, the Dow Jones industrial average fell 213.32 points, or 2 percent, to close at 10,667.39, wiping its gains this year. The Standard & Poor’s 500-stock index dropped 23.55 points, or 1.8 percent, to 1,261.49, while the Nasdaq composite lost 54.11 points, or 2.4 percent, to 2,247.70.

New York Times