Stocks Rally to Records as Oil Jumps on Iran Conflict

U.S. stock markets climbed to fresh all-time highs on Monday, shrugging off a surge in oil prices driven by renewed tensions between the U.S. and Iran [1]. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all notched records, even as rising crude costs stoked inflation concerns and pressured smaller companies [1]. However, the momentum appeared fragile by Tuesday morning, with equity futures dipping as oil rebounded above $90 a barrel and attacks on vessels in the Strait of Hormuz continued [2].

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