U.S. stocks slumped on Tuesday under the weight of another jump for the price of oil. It was a return to form for financial markets after Wall Street’s worries about Israel’s fighting with Iran had seemed to calm a bit on Monday.

Futures on Wall Street continue to trade with losses after benchmark indices gave up all of Monday's gains during Tuesday's trading session. The Dow futures are currently trading 100 points lower, while the S&P 500 and Nasdaq futures are trading 15 and 75 points lower respectively.