Wall Street Dips, Oil Stays Above $100 on Iran War Uncertainty

Wall Street futures pointed lower early Tuesday as oil prices remained above $100 per barrel, driven by uncertainty over the Iran war and the closure of the Strait of Hormuz. - S&P 500 futures fell 0.3%, Dow futures lost 0.2%, and Nasdaq futures slid 0.6%.

- U.S. crude oil dropped 41 cents to $103, while Brent crude dipped 95 cents to $111.

- Gasoline prices rose to $4.53 per gallon, up 43% from last year, as the U.S. driving season began.

- President Trump postponed a planned military strike on Iran, citing serious negotiations to end the war. Markets remain volatile as investors await Nvidia's earnings and retail reports from Target and Walmart later this week.