Wall Street Falls as Iran War Premium Embeds in Earnings Season
📉 MARKETS — Earnings season arrived; Iran didn't leave. That collision is the problem. 📌 LOOK CLOSER: War risk is no longer a spike — it's a baseline. With Hormuz at ~6 daily transits and Houthis blockading Saudi ports, energy input costs are repricing every forward estimate. Q3 guidance becomes structurally unreliable. Institutional investors aren't selling panic — they're discounting a new cost floor with no visible exit date.
