VOO is trading 1.4% down today as escalating Middle East tensions and oil prices surging above $107 trigger a broad market selloff.
- Iran's rejection of a U.S. ceasefire and the closure of the Strait of Hormuz have intensified global inflation concerns and energy supply risks.
- Market volatility has spiked with the VIX up 8.3% to 27.44, further pressured by a cyclone halting Australian LNG exports.
- While President Trump has extended negotiations to April 6, risk-off sentiment continues to weigh heavily on equities across all sectors.