Iran War Weighs on Oil Prices, Wall Street Stocks

Oil prices continue to rise, weighing on Wall Street as stocks return from a three-day weekend. The latest fighting in the war between the U.S. and Iran has pushed oil prices higher. The S&P 500 fell 0.4% while the Dow Jones Industrial Average dropped by 520 points, or 1%, as of 10 a.m. Eastern time.

The Nasdaq composite also decreased by 0.3%. Oil prices are a major factor in the stock market's performance, and their increase has led to concerns about inflation and economic growth.

Investors are closely watching the situation in Iran and its impact on global oil supplies. The U.S. and Iran have been involved in a prolonged conflict, which has disrupted oil production and exports from the region.