Dow ETF drops 7.2% amid US-Israel-Iran conflict and soaring oil prices hitting investor confidence.

The SPDR Dow Jones Industrial Average ETF has fallen 7.2% in the past month, entering correction territory due to the US-Israel war with Iran driving oil prices sharply higher. Brent crude surged to $116.51 a barrel, pushing inflation expectations up and rattling blue-chip stocks, especially financials and tech like Microsoft. Chevron benefits from the oil spike, while Boeing and JPMorgan Chase face pressure. The market remains volatile with recession risks and limited Fed rate cut room, pending geopolitical developments around the Strait of Hormuz.