Dow futures slide as Iran war jolts oil and rattles global stocks
Stocks dropped worldwide, with U.S. futures also down Tuesday, as investors braced for a more prolonged hit to energy supplies stemming from the expanding conflict with Iran. This shift hits hard, with energy prices pushing directly into inflation—potentially knocking interest rate expectations off course. Investors have been banking on rate cuts and steady corporate earnings, but an oil shock? That’s the curveball that could unravel both assumptions.