Wall Street Drops as US-Iran Tensions Push Oil Prices Higher and Rattle Markets
US stock markets ended lower as renewed fighting between the United States and Iran increased concerns over energy supplies and global economic stability.
Oil prices climbed as investors worried about possible disruption in the Strait of Hormuz, a key route for global oil shipments. Brent crude rose to $89.22 per barrel, while US gasoline prices moved higher.
Markets also focused on upcoming technology earnings, with investors questioning whether major companies linked to artificial intelligence can meet high expectations.
Analysts said uncertainty remains high as traders balance rising geopolitical risks with hopes for diplomatic efforts to reduce tensions.
