Iran Tensions Push Oil Higher, Dragging SPY Down
TL;DR Summary
SPY fell about 1.5% on March 12, 2026 as fears of oil-supply disruptions from Iran drove crude higher, boosting inflation concerns and lowering odds of Fed rate cuts. The move aligned with a broad market selloff as SPY tracks the S&P 500 and the Nasdaq declined, with investors awaiting PCE inflation data, Q4 GDP revisions, and the JOLTS report amid mixed fund flows and sentiment.
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