NEW YORK — Stock markets fell sharply worldwide after another leap for oil prices hiked the pressure even higher on the global economy. Brent crude, the international standard, briefly rose above $119 per barrel Thursday morning before pulling back to $110, which is still 3.2% up from the prior day. The S&P 500 fell 0.9% to deepen its drop for the week so far, which is on track to be its fourth straight losing week. The Dow Jones Industrial Average fell 415 points, and the Nasdaq composite fell 1.2%. European markets fell even more, and Asian markets closed lower.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

Global energy prices soared Thursday after Iran attacked two oil refineries in Kuwait and a key natural…