India, Sept. 8 -- Wall Street came under pressure on Tuesday, September 8, as surging oil prices and renewed tensions in the Middle East intensified concerns about inflation and the Federal Reserve's interest-rate outlook.

The Dow Jones Industrial Average fell 1.21%, while the S&P 500 declined 0.49% and the Nasdaq Composite slipped 0.52%, according to Reuters.

The sell-off came as crude oil prices climbed sharply following escalating geopolitical tensions in the Middle East. Investors are also preparing for key U.S. inflation data later this week, which could influence expectations for the Federal Reserve's next policy decision.

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