🔴 S&P 500 ETF (SPY) is trading 0.6% down today after U.S.-Iran strikes pushed oil higher

SPY is trading at $764.88 (-0.58%) after renewed U.S.-Iran military strikes around the Strait of Hormuz pushed Brent crude toward $91.

• The move revived inflation and geopolitical-risk concerns.
• Investors are repricing Federal Reserve policy after Chair Kevin Warsh warned persistent above-target inflation could require further rate increases; September hike odds approached 60%, pressuring equities, especially technology shares.