The Dow falls more than 500 points as oil hits highest level in months

What happened: The Dow fell more than 500 points as West Texas Intermediate futures topped $100 a barrel on fears of renewed U.S.-Iran conflict. American Express also fell. Key numbers: Dow down more than 500 points; WTI above $100 a barrel. Why it matters: Oil reaching its highest level in months reflects market concern over a renewed U.S.-Iran conflict, and the drop in the Dow shows the selloff spread across the index.

Dow's 500-point drop linked to oil reaching multi-month highs.

Dow's 500-point drop linked to oil reaching multi-month highs. — impact context not separately stored; see What changed.