Source: Fortune
Summary
Despite the ongoing US-Iran war, the S&P 500 is only down 3% this year and 5% off its all-time high. Oil prices have soared over 40% since the war began and are up nearly 70% year to date. However, they remain below the peak seen after Russia invaded Ukraine in 2022. Analysts predict the war could end within two months, but both sides are poised for further escalation. The US has attacked military sites on Kharg Island, and Iran is increasingly targeting civilian infrastructure among Gulf neighbors.
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The numbers tell one story.
The US-Iran war is escalating, with oil prices soaring and the Strait of Hormuz closed. The US has attacked military sites on Kharg Island, and Iran is targeting civilian infrastructure. Analysts predict the war could end within two months, but the situation remains volatile. The market hasn’t reached maximum panic yet, but a global risk-off event could be triggered by further escalation.
One thing is clear: the war is not going to end anytime soon.
Author: Evan Null
