War gains, long-term pain: Wall Street's core business at risk due to Iran war

War gains, long-term pain: Wall Street's core business at risk due to Iran war Submitted by Ali Jaswal on Thu, 05/07/2026 - 12:45 Rising oil prices and market volatility have boosted trading profits, but the gains mask threats to long-term growth Traders on the floor of the New York Stock Exchange react as stocks slide on 10 March 2026, due to the war on Iran (Michael M. Santiago/Getty Images/AFP) Off Wall Street may be profiting from the US and Israeli war on Iran , but short-term gains due to rising oil prices and market volatility are causing a slowdown in dealmaking – threatening its core business, market analysts have told Middle East Eye. Within a few days of the US and Israel starting the conflict, oil prices saw a massive spike , while market volatility lifted trading revenues and energy-linked stocks.