Oil prices surged and the Dow dropped sharply—down 1.8%—after Israel’s strike on Iran sparked fears of a broader conflict in the Middle East. Defense stocks got a boost (no surprise there), but airlines and other fuel-heavy industries took a hit. Investors are clearly rattled by the prospect of escalating tensions disrupting global oil supplies.

Editor’s Note: When geopolitical tensions flare in oil-rich regions, markets react fast—and not in a good way. Higher oil prices mean pricier gas, shipping, and travel, which could trickle down to everyday costs. Plus, a wobbly stock market shakes confidence, making businesses and consumers hesitant to spend. This isn’t just about Wall Street; it’s a reminder of how tightly global stability is tied to our wallets.