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S&P 500 Sets Record Amid Iran-Driven Oil Surge

5/24/2026

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Summary

Story summary

The S&P 500 reached a new record high last week, surpassing its level before the Feb. 28 fighting began.
The Iran war has pushed oil prices higher, raising fears of a global energy crisis.
Analysts warn the conflict could lift inflation, curb consumer spending, and squeeze corporate profits.
They also expect unemployment to rise and economic growth to slow as inflation pressures increase.

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Story summary

The S&P 500 reached a new record high last week, surpassing its level before the Feb. 28 fighting began.
The Iran war has pushed oil prices higher, raising fears of a global energy crisis.
Analysts warn the conflict could lift inflation, curb consumer spending, and squeeze corporate profits.
They also expect unemployment to rise and economic growth to slow as inflation pressures increase.