US stocks dip as Middle East tensions push oil prices up sharply

US stock markets fell from record highs amid rising tensions in the Middle East, with the Dow down 433 points and the S&P 500 and Nasdaq also slipping. Oil prices surged over 5% due to Iran's closure of the Strait of Hormuz and recent attacks on oil facilities, raising fears of disrupted global crude supply. Despite the conflict, some companies like Tyson Foods reported strong earnings, while others like Norwegian Cruise Line faced challenges. The market remains hopeful that the global economy can avoid severe impacts despite geopolitical risks.