U.S. stocks slumped on Tuesday under the weight of another jump for the price of oil. It was a return to form for financial markets after Wall Street’s worries about Israel’s fighting with Iran had seemed to calm a bit on Monday.

Iran has launched waves of missiles at Israel in response to recent airstrikes.

At least 224 people have been killed since Israel began bombing Iran on Friday, Iranian state media reported, while Iranian retaliatory strikes have killed at least 24 people in Israel.

So far, Iran’s crude-exporting infrastructure has been spared, and most of the fallout has been confined to shipping. The market remains focused on any sign that Tehran may seek to disrupt crude flows across the Strait of Hormuz,

Global oil prices resumed their recent surge in early Tuesday trading, with Brent crude futures testing the $75 a barrel mark, following comments from President Trump that played down the prospect of ...