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Middle East War Keeps Markets on Edge as Oil Steadies, S&P 500 Inches Higher

Mar 4, 2026

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Middle East War Keeps Markets on Edge as Oil Steadies, S&P 500 Inches Higher

U.S. equities edged modestly higher Wednesday as the ongoing U.S.-Israel conflict with Iran showed early signs of cooling, with Brent crude pulling back from Tuesday's highs after Treasury Secretary Scott Bessent signaled forthcoming measures to protect oil flows through the Strait of Hormuz. The S&P 500 gained 0.3% while the Nasdaq advanced 0.5%, though investor anxiety over inflation and delayed Federal Reserve rate cuts kept gains in check.

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Middle East warStrait of Hormuzoil pricesS&P 500geopolitical riskFederal Reserveinflationenergy stocks
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