The announcement shattered hopes for a negotiated resolution, replacing recent optimism with geopolitical volatility. Investors moved quickly to exit risky assets, sending the CBOE Volatility Index spiking as the Dow and S&P 500 slipped into negative territory during premarket trading.
Energy giants Chevron and Exxon Mobil saw immediate gains on the back of rising oil prices, but the broader market struggled under the weight of looming fuel costs. Travel-related equities bore the brunt of the fallout, with airline and cruise operator shares tumbling as traders priced in the economic impact of the escalating standoff.
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