Wall Street heads for losses again as Iran war enters 7th day, sending oil prices up another 6%

Wall Street was on track to open lower again Friday as oil prices continued to climb, hitting the highest level in nearly two years less than a week since the U.S. and Israel began bombing Iran, one of the world’s top oil producers.

Futures for the S&P 500 and Dow Jones Industrial Average slid 0.7% before the opening bell, while Nasdaq futures fell 1%.

Benchmark U.S. crude surged 6.8% to $86.57 per barrel as the war with Iran entered its seventh day. Brent crude, the international standard...