The attack has already pushed oil prices higher and shaken markets. About 20% of global oil supply moves through the Strait of Hormuz, so any disruption there could easily send oil toward $100+ again.
If oil spikes and inflation comes back, rates probably stay higher for longer.
At the same time, the whole AI trade right now is built on massive spending from tech companies and investors pouring money into chips, data centers and infrastructure.
But if macro suddenly shifts toward energy, inflation, and geopolitical risk, could the AI narrative lose momentum?
Also another angle: a lot of big AI investments and funds have ties to Middle East capital. If regional instability causes those investors to pull back or redirect capital, AI funding could tighten.