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Story summary
- The United States–Israel military campaign against Iran has closed the Strait of Hormuz since February, disrupting energy markets and pushing oil toward $100 per barrel.
- This environment weighs on growth stocks such as NVIDIA Corporation and benefits energy producers like Devon Energy Corporation.
- The S&P 500 has fallen 2.33% year-to-date, with small caps faring worse.
- A recent trade report shows a narrowing U.S. trade deficit, offering a glimmer of hope.
