Wall Street slides as oil prices continue to spike amid raging Iran war

Wall Street has experienced a downturn as rising oil prices fueled by the ongoing conflict in Iran weigh on investor sentiment. The soaring costs have raised concerns about inflation and its impact on economic growth, leading to widespread bearish sentiment in US markets. Analysts warn that sustained high oil prices could exacerbate supply chain issues. Energy stocks are seeing a mixed reaction in light of the volatility in prices. Overall, the geopolitical tensions and economic implications present a challenging environment for investors.