VOO is trading 1.0% down today as the conflict with Iran enters its fourth week, driving Brent crude toward $109/bbl and intensifying global inflation concerns.
- Iranian drone strikes on a Kuwaiti oil refinery and a potential U.S. naval blockade have spiked volatility across energy markets.
- Traders have adjusted expectations to forecast no Federal Reserve rate cuts through 2026 as energy-driven inflation fears mount.
- Major indices are extending losses in early trading after breaking below key technical support levels at their 200-day moving averages.