(CNBC): U.S. oil prices surpass $100 a barrel, sparking concerns about the impact on stocks amid the U.S.-Iran tensions.

Amid U.S. oil prices hitting $100 a barrel, investors fear a potential stock market correction or bear market depending on the duration of the U.S.-Iran conflict. CFRA Research warns of historical trends where oil shocks led to significant S&P 500 declines, with the most severe being the 1973 market drop during the OPEC embargo. Higher oil prices can strain consumers, dampen spending, and trigger inflation, impacting interest rates and borrowing costs. While oil prices surge over 50% due to the U.S.-Iran war, the S&P 500 has only dipped slightly, leaving uncertainty about future market performance.

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