U.S. equities rebounded as worries about a renewed U.S.–Iran conflict, which had driven up oil prices, eased. The Nasdaq 100 gained 0.3%, while the S&P 500 slipped 0.3% after a 1.1% intraday drop. Following former President Trump’s claim that the cease‑fire with Iran was over and a waste of time, energy shares climbed amid new U.S. attacks on Iran and the lifting of Iran’s oil export exemption. Brent crude rose 5.9%, and major energy firms such as Chevron and Diamondback Energy posted notable gains. City Group strategists view the recent market pullback as a short‑term correction, noting that diplomatic resolution remains possible. "Ad Yardni" warned that ending the cease‑fire could spark a new inflation wave, prompting the Federal Reserve to consider raising rates again. The latest Fed meeting minutes show some members favored hikes, but the decision was ultimately to keep rates unchanged amid concerns over rising inflation and a softening labor market.