Global Markets Reeling from Iran Strikes and Fed Decision Countdown

Wall Street's 800-point drop coincides with Iran's attacks on the US and the upcoming Fed decision. The S&P 500 fell 0.8%, Nasdaq 1.1%, and Dow Jones 1.5%. Brent crude prices surged 7%. The conflict raises concerns about global supply chains. Asian chip stocks dropped 6%. Microsoft and Meta's earnings reports added to AI sector worries. Procter & Gamble's underperformance also weighed on markets.

The Iran strikes and Fed decision create a volatile environment. The energy markets are likely to be impacted as well. The Fed's move will shape global commodity prices in the coming months.