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US Stock Selloff Shows No Signs of Easing as Iran War Grinds On

Bloomberg
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US stocks plunged Thursday amid escalating Middle East conflict, with Iran’s widening strikes triggering sharp volatility as investors reassessed energy market risks and inflation pressures. Energy markets faced sustained disruption fears, sending oil prices surging and prompting US consideration of emergency crude stabilization measures to curb late-session losses. Global commerce risks intensified as prolonged conflict threatened supply chains, with investors repeatedly repricing assets amid uncertainty over the war’s duration and economic fallout. A late-session rebound followed reports of potential US intervention in oil markets, though lingering concerns over energy stability kept sentiment fragile and volatility elevated. Clear Harbor Asset Management’s CEO warned of prolonged market turbulence, citing inflation and geopolitical risks as key drivers of investor caution in the near term.
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US stocks slid Thursday, rocked by another turbulent session as the escalating conflict in the Middle East raised the prospect of sustained disruptions to energy markets and oil prices, with implications for inflation and global commerce. Stocks swung sharply over the course of the day as widening strikes in Iran and neighboring countries had investors pricing and re-pricing the duration and potential impact of the conflict as volatility spiked. Toward the close of trading, a report that the US is considering emergency measures to stabilize crude led a bounceback from session lows, though worries over the outlook for oil remain.

Clear Harbor Asset Management CEO Aaron Kennon joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

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Source: Bloomberg

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