"The Strait of Hormuz handles roughly 20% of the world's oil supply, according to the U.S. Energy Information Administration. Any disruption there ripples through global energy markets almost instantly. Oil prices surged after the conflict escalated, yet stocks barely blinked. The Nasdaq continues powering higher on enthusiasm surrounding artificial intelligence, semiconductor demand, and data-center spending."
The S&P 500 reached another all-time high while unemployment stayed low at 4.3% and payroll growth continued to exceed expectations. President Donald Trump cited these figures as evidence of economic strength. Consumer sentiment fell to the lowest level in 75 years, and gasoline prices rose to a national average of $4.52 per gallon, with nine states higher. Consumers increasingly named energy costs and tariffs as top financial concerns. Investors largely treated the oil and gasoline spike as a short-term geopolitical shock tied to tensions around Iran and the Strait of Hormuz. The Strait of Hormuz carries about 20% of the world’s oil supply, so disruptions can quickly affect global energy markets. Stocks showed limited reaction, implying expectations that energy prices cool before they reduce consumer spending or corporate earnings.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]