Wall Street Falls as Oil Shock and AI Selloff Hit Markets Simultaneously

📉 MARKETS — Oil is doing what sanctions couldn't: reaching Wall Street directly. 📌 LOOK CLOSER: Hormuz-driven oil above $105 is now compressing corporate margins broadly enough to register in equity pricing. The AI trade unwinding adds volatility, but the oil floor is structural — SPR releases buy weeks, not trend reversals. Tehran is watching: sustained Wall Street pressure before November 5 is exactly the electoral leverage Iran's Hormuz strategy was designed to create.