What's Happening
Oil prices have risen sharply due to geopolitical tensions involving Iran, as uncertainty over potential conflicts impacts global energy markets. The situation has led to increased volatility in oil futures.
Market Impact
Rising oil prices have pressured airline stocks, with United Airlines experiencing its worst trading day in months. Energy sector stocks, however, have seen gains as investors anticipate tighter supply.
Broader Implications
Continued instability in the Middle East could exacerbate global energy supply issues, influencing inflation and economic growth worldwide.
