Markets watch US-Iran tensions, Fed chair’s testimony, and Tesla’s Robotaxi debut

Wall Street is focused on three big stories. First, U.S. stock markets are steady after the U.S. carried out airstrikes on Iranian nuclear sites over the weekend. Iran has promised to respond, raising worries about a bigger conflict in the Middle East. Oil prices jumped briefly but calmed as traders watch for any disruptions in key shipping routes like the Strait of Hormuz.

Airlines, including British Airways and Singapore Airlines, have canceled flights to the Persian Gulf due to safety concerns. Second, Federal Reserve Chair Jerome Powell is set to speak to Congress this week, starting with the House Financial Services Committee on Tuesday. Investors are eager to hear his thoughts on interest rates, especially after pressure from the Trump administration to lower them.

Fed Governor Christopher Waller recently hinted that a rate cut might be possible in July, so Powell’s words will be closely watched. Finally, Tesla rolled out its robotaxi service in Austin, Texas, over the weekend. This marks a big step for the company’s self-driving technology, and markets are buzzing about what it means for Tesla’s future. These events are shaping investor decisions as they navigate global tensions, economic policy, and tech breakthroughs. For more insights, check out Yahoo Finance’s Morning Brief.