Wall Street Woes Amid Middle East Conflict and Energy Market Turmoil
Wall Street's indexes fell as the conflict in Iran entered its fourth week, affecting energy markets and interest rate expectations. With Iran targeting a Kuwaiti refinery and potential U.S. interventions at Kharg Island, oil prices rose. Meanwhile, FedEx's positive forecast offered some respite. However, concerns about prolonged high oil prices impacting corporate earnings linger.