
March S&P 500 E-Mini futures (ESH26) are trending down -1.77% this morning as the Middle East conflict has entered its fourth day with no signs of de-escalation, driving oil prices higher and stoking inflation concerns.
Israel targeted sites in Tehran and Beirut early on Tuesday, while Iran struck the U.S. Embassy in the Saudi capital of Riyadh, prompting President Trump to pledge retaliation. Also, Israel deployed troops into southern Lebanon, where the Iran-backed Hezbollah militia is based. President Trump maintained there was no fixed timeline, while Secretary of State Marco Rubio warned that “the hardest hits are yet to come.”