Market Extra
Higher gas prices aren’t the only way rising tensions with Iran will hit home
Wall Street expects Trump’s call that the U.S.-Iran cease-fire is over will hurt airlines and home builders more than it will help oil companies
While higher gas prices may be the primary concern of consumers as rising Middle East tensions trigger a surge in oil prices, Wall Street is worried that renewed hostilities could have an even bigger impact elsewhere.
President Donald Trump helped stoke those worries Wednesday by suggesting the U.S.-Iran cease-fire deal had ended. Although Trump softened his stance by later saying he doesn’t think a full-scale war will resume, he threatened Iran with military strikes — which were carried out later in the day.