Iran Conflict Triggers Wall Street Sell-Off

Escalating geopolitical tensions in the Middle East, stemming from the Iran conflict, have triggered a significant market downturn across Wall Street. Despite diplomatic efforts, the situation has led to increased oil supply concerns and widespread market dread. The Nasdaq 100 experienced a 1.9% decline on Friday, entering correction territory, while the S&P 500 marked its fifth consecutive week of losses, the longest streak since 2022. Bond markets also suffered, pushing yields higher, and Bitcoin's value has halved from its pre-conflict peak. This sell-off reflects rising inflation expectations and a reassessment of central bank policies globally.