The ongoing tensions following recent US strikes on Iranian nuclear sites have prompted significant fluctuations in oil prices and stock markets. Analysts warn that if Iran were to close the Strait of Hormuz, a critical passage for oil supply, prices could surge by as much as 30%. Despite initial spikes in oil prices and fears of a wider conflict, US stock markets have shown resilience, with the Dow and S&P 500 trading slightly higher amid hopes for limited retaliation. As the situation develops, experts are keeping a close eye on potential impacts on the American economy, which is already vulnerable to shocks. Current market responses indicate a mix of optimism and caution, as traders navigate the uncertain landscape created by the Israel-Iran conflict.