Stocks Recover After Initial Decline Due to Iran War Concerns

U.S. stocks showed resilience on Monday, with the S&P 500 gaining 3 points and the Nasdaq Composite rising 81 points, despite concerns over escalating U.S.-Israel military strikes on Iran potentially disrupting global oil supplies. Oil prices surged, with Brent crude increasing by over 6% to $77.74 per barrel. Analysts noted that while the Strait of Hormuz is critical for oil transit, the economic impact of rising oil prices may be limited due to the U.S. becoming a net oil exporter. However, inflation concerns remain, potentially delaying Federal Reserve interest rate cuts.

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