Middle east conflict shakes markets: Airline stocks fall while oil and defense shares surge

Shares of airlines, cruise companies, and hotels fell on Monday as investors reacted to the Cruise company Carnival shares went down by about 12%. Oil and inflation worriesTraders were worried that the fighting could disturb oil supply. They also feared that this could make prices rise (inflation). Brent oil prices jumped by about 13% before slowing down. Experts said the situation is very uncertain and could affect oil supply, shipping, tourism, and flights. The S&P 500 stock index fell by about 1.2%, sim ...