Markets Pre-Open: US

Dow futures dropped 240 points (0.45%) in pre-market trading, sliding to near 53,000 as oil prices surged on renewed U.S.-Iran hostilities in the Strait of Hormuz.

Money Moves

• S&P 500 futures declined 0.5% to trade around 7,660.
• Nasdaq 100 futures fell 0.83% to around 29,270.
• West Texas Intermediate (WTI) oil surged above $85 a barrel after two tankers were hit by projectiles Monday night.
• Gold dropped 1.6% to...