Global Markets-Stocks fall as oil gains; Iran tensions, earnings in focus

The Dow Jones Industrial Average .DJI fell 307.16 points, or 0.59%, to 51,839.26, the S&P 500 .SPX fell 14.41 points, or 0.19%, to 7,443.28 and the Nasdaq Composite .IXIC fell 12.17 points, or 0.05%, to 25,508.07.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 3.23 points, or 0.29%, to 1,105.50. The pan-European STOXX 600 .STOXX index fell 0.3%.

U.S. Treasury yields rose as traders weighed escalating oil prices, driven by the widening war with Iran, and the impact on prices.

The U.S. economic calendar for the week is light, and Federal Reserve officials are in a "blackout period" of public comments ahead of the central bank's meeting next week. The yield on benchmark U.S. 10-year notes US10YRT=RR rose 5.68 basis points to 4.598%.

The European Central Bank will hold a policy meeting later this week, with markets pricing in only a 13.1% chance of a hike, according to LSEG data.