The Iran war has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers about supply chain disruptions.
S&P 500 falls alongside tech as oil continues march higher: Live updates CNBCStock market today: Dow rises, S&P 500, Nasdaq slips as war uncertainty drives oil prices higher Yahoo FinanceUS stocks swing as oil prices keep climbing AP NewsWall Street rebounds after recent selloff with Mideast conflict in focus Reuters
Powell said the Fed isn't facing an imminent decision on what to do with rates because "we don't know what the economic effects" of the Iran war will be.
