The US stock market started the week with a disappointing performance when all three major indexes recorded declines.
The fall occurred while investors' focus was still focused on the war conflict in the Middle East and the surge in oil prices.
The geopolitical situation in the Middle East is escalating after the US launched a military attack on Kharg Island, Iran's main oil export center, last weekend.
In addition, the US has also threatened to expand attacks on energy infrastructure if Tehran disrupts traffic in the Strait of Hormuz.
The market is currently evaluating reports that Washington will soon announce a list of countries that will escort ships through the route connecting the Persian Gulf and global markets.
In terms of the performance of the main indexes, the Dow Jones fell 1.99%, the S&P 500 fell 1.6% and the Nasdaq Composite fell 1.26%.
All three benchmarks recorded a decline for the third consecutive week as geopolitical risks continued to affect market sentiment.
Meanwhile, rising energy prices and rising inflationary pressures have reduced expectations that the Federal Reserve (Fed) will cut interest rates in the near term.
