‘Misplaced euphoria’: Markets are sleepwalking into a recession amid Iran war oil price shock

As US equities hit fresh highs, strategists warn that investors are downplaying the impact of soaring oil prices.

# ‘Misplaced euphoria’: Markets are sleepwalking into a recession amid Iran war oil price shock As US equities hit fresh highs, strategists warn that investors are downplaying the impact of soaring oil prices. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/04/strait-hormuz-gas-price-oil-shock-recession-risk-economy-iran-us-war.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*