Wall Street followed global markets lower and oil prices briefly spiked to nearly $120 per barrel as the Iran war intensified, threatening production and shipping in the Middle East. NEW YORK (AP) — Stock markets worldwide are sinking on worries about whether the global economy can withstand spiking prices for oil , which briefly got to nearly $120 per barrel on Monday. But for as scary as the moves have been, they remain twitchy and quick to reverse amid all the uncertainty caused by the war