Wall Street's stranglehold on the Strait of Hormuz.

Wall Street's stranglehold on the Strait of Hormuz.

The unprecedented surge in the price of oil to $117 caused the American stock market to lose for the second week in a row. The unprecedented surge in the price of oil on the eve of the second round of the regional war in Iran and reaching the highest level in the last four years put the American financial markets under heavy pressure. This event led to a massive decline in Wall Street indices and the second week in a row of losses for the main market index. The latest developments show that the world economy is at a critical and multi-layered point; A place where the confluence of geopolitical tensions in West Asia, the oil supply shock and the uncertainty surrounding the return on investment in artificial intelligence have thrown Wall Street off balance.