US Strikes Iran; Stock Futures Slip and Oil Prices Surge

US stock futures fell after the US military strikes on Iranian rocket launchers. This development caused a surge in oil prices and raised expectations of a rate hike following comments from Warsh at Jackson Hole. Wall Street is currently experiencing a winning month despite these fluctuations. The potential impact on the markets includes increased oil prices which could affect inflation and consumer costs. This matters for ordinary investors as it may influence stock valuations and sector performance, particularly in energy and defense.