Mumbai, March 9 -- The Nasdaq plunged 361.31 points (1.6%) to 22,387.68, the S&P 500 tumbled 90.69 points (1.3%) to 6,740.02 and the Dow slumped 453.19 points (1%) to 47,501.55.

Wall Street faced a sell-off amid surging crude oil prices, with U.S. futures topping $90 a barrel. The spike stemmed from the escalating U.S.-Iran conflict spreading across the Middle East, raising fears of a global energy crisis as the seventh day brought intensified Israeli airstrikes and U.S. warnings of dramatic attack surges.

President Trump demanded Iran's "unconditional surrender" on Truth Social, vowing U.S. involvement in selecting its future leaders to rebuild it stronger. A Labor Department report fueled negativity, showing a 92,000 job slump in Febr...