STOCKS | S&P 500 Falls 0.7% as Oil Jumps on Renewed U.S.-Iran Tensions

U.S. stocks fell on Wednesday as renewed U.S.-Iran tensions lifted oil prices and revived inflation concerns. According to NS3.AI, the S&P 500 slipped 0.7%, while market attention shifted away from Federal Reserve meeting minutes amid the geopolitical developments. WTI crude rose above $75, and Brent crude jumped 8% toward $80 after U.S. President Donald Trump declared the U.S.-Iran ceasefire over. Separately, the International Monetary Fund cut its 2026 global growth forecast to 3% from 3.5% and raised its inflation forecast to 4.7%.