Persistent Iran War, Energy Price Surge Set to Sway Wavering Stocks

Stock ticker. Photo: Ahmad Ardity/Wikimedia Commons.

A Middle East crisis that has convulsed markets should remain the focal point for Wall Street in the near term, as investors stay glued to developments in Iran and the fallout from surging energy prices.

As the US-Israeli war on Iran stretches to three weeks, an over 40% jump in oil prices is driving worries about higher inflation and stagnating economic growth.

Inflationary concerns on Friday were prompting markets to rule...