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pressure today amid concerns about inflation, as oil prices rose amid mounting disruptions to energy markets from the war in Iran.  WTI crude (CLJ26) is up more than +6% at a 13.5-month high, fueling inflation concerns and sending bond yields higher.  The 10-year T-note yield rose to a 3-week high today of 4.15%.Investors Are Bullish on Alphabet Stock - Piling Into GOOGL Call Options With Huge Unusual Options VolumeThis Oil Stock Just Soared 130%. Should You Chase Battalion Oil Here?Stock Index Futures Higher as Investors Digest U.S. ADP Jobs ReportGet exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.Stocks have underlying support from some positive economic and corporate news.  Weekly US jobless claims rose less than expected, and Q4 nonfarm productivity rose more than expected.  Also, Broadcom is up by more than 5% after CEO Tan said the company expects AI chip sales to top $100 billion next year.  In addition, strength in software stocks today is limiting losses in the broader market.The US-Israeli war on Iran entered a sixth day with Iran pledging to escalate its retaliation.  Arab states across the Persian Gulf reported interceptions of Iranian missiles and drones overnight and into today.Crude prices continued to climb and posted a 13.5-month high today as the Strait of Hormuz remains closed, halting most energy shipments from the Persian Gulf.  Iran's Islamic Revolutionary Guard Corps has warned ships not to sail through the passageway, saying that vessels "could be at risk from missiles or rogue drones."  The closure of the Strait of Hormuz, which handles a fifth of the world's oil, has curbed exports and forced Gulf producers to stockpile the crude locally in storage tanks.  Iraq, OPEC's second-largest producer, shut down oil production at its largest oil fields in Rumalia as local storage tanks filled up.  Also, Kayrros reported on Wednesday that four of six tanks at Saudi Arabia's Ras Tanura refinery were full, and the Ju'aymah terminal on the country's east coast is quickly running out of spare capacity.  Goldman Sachs estimates the real-time risk premium for crude oil at $18/bbl, corresponding to its estimate of the impact of a six-week full halt to tanker traffic in the Strait of Hormuz.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,740.02 -90.69 (-1.33%)Dow 3047,501.55 -453.19 (-0.95%)Nasdaq22,387.68 -361.31 (-1.59%)Russell 20002,525.30 -60.27 (-2.33%)VIX29.49 +5.74 (+24.17%)Gold5,181.30 +102.60 (+2.02%)Trending tickersBTC-USD Bitcoin USD 68,320.34 -2,937.09 (-4.12%)VRT Vertiv Holdings Co 241.78 -7.97 (-3.19%)LITE Lumentum Holdings Inc. 558.44 -92.38 (-14.19%)BE Bloom Energy Corporation 135.19 -24.80 (-15.50%)PRSO Peraso Inc. 2.0400 +1.2290 (+151.54%)PortfolioSign in to access your portfolioSign inTop gainersDAWN Day One Biopharmaceuticals, Inc. 21.20 +8.42 (+65.88%)IOT Samsara Inc. 35.36 +5.78 (+19.54%)MRVL Marvell Technology, Inc. 89.57 +13.89 (+18.35%)EMAT Evolution Metals & Technologies Corp. 9.76 +1.25 (+14.69%)IOVA Iovance Biotherapeutics, Inc. 5.13 +0.55 (+12.01%)Top losersINGM Ingram Micro Holding Corporation 22.06 -4.30 (-16.31%)BE Bloom Energy Corporation 135.19 -24.80 (-15.50%)GAP The Gap, Inc. 23.28 -3.92 (-14.41%)LITE Lumentum Holdings Inc. 558.44 -92.38 (-14.19%)JEF Jefferies Financial Group Inc. 38.29 -5.99 (-13.53%)Most activeNVDA NVIDIA Corporation 177.82 -5.52 (-3.01%)ONDS Ondas Inc. 9.83 -0.63 (-6.05%)AAL American Airlines Group Inc. 11.18 -0.61 (-5.17%)MRVL Marvell Technology, Inc. 89.57 +13.89 (+18.35%)BBD Banco Bradesco S.A. 3.6800 -0.0600 (-1.60%)Top economic eventsEarnings eventsMy earnings eventsEarnings events