U.S.-Iran conflict could pressure markets, oil, and consumers

A renewed round of fighting between the U.S. and Iran is drawing attention on Wall Street as investors weigh possible effects on stocks, energy prices, and the broader economy. The S&P 500 has held near record levels, but analysts say sustained higher oil prices and Treasury yields could begin to matter if the conflict lasts longer. Brent crude briefly moved above $90 a barrel, while the U.S. 10year Treasury yield stayed elevated near 4.6%. Economists said the biggest risk is not the immediate market reaction, but how long energy costs remain high and whether that feeds into inflation and corporate earnings. Market strategists said energyheavy and fueldependent businesses could face more pressure, while sectors such as technology, financials, and healthcare may be less exposed. Economists also warned that higher gasoline prices could reduce household spending power, adding strain to consumers if the conflict continues.