US crude tops $110 per barrel and Wall Street tumbles

NEW YORK (AP) — Stocks are dropping and oil prices are soaring after President Donald Trump vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. The S&P 500 fell 1.2% and the Dow sank 600 points and the Nasdaq dropped 1.7%. The price of U.S. crude oil jumped more than 10% to above $110. Trump did not mention a looming deadline he set for Iran to open the Strait of Hormuz, the critical waterway for global oil and gas transport. Thursday is the last day of trading on Wall Street this week with with the stock market closed on Good Friday.