Stocks Dip as Oil Soars Amid Iran Tensions | Panama City Beach News

Stocks took a hit Monday as Wall Street reacted to U.S. military strikes on Iran’s rocket launchers in the Strait of Hormuz, while oil prices surged past $90 a barrel—fueling inflation fears and complicating the Fed’s rate-hike plans. The UAE also intercepted an Iranian drone, heightening regional tensions. With gasoline hitting record highs in August, consumers are feeling the squeeze, and the next inflation report looms just before the Fed’s next meeting. Meanwhile, GameStop rallied on strong earnings forecasts, while Aon slid after announcing a major acquisition amid slowing job market signals. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e1370e3d28a09494