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President Trump has declared the cease-fire on "life support," and investors are taking a cautious approach as the economic effects of the war become more apparent.
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Trump leaves for Beijing today for a state visit with Chinese President Xi Jinping. And, a new inflation report is expected to show the war in Iran's impact on the U.S.
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The Iran war has ratcheted up prices for gasoline, airfares and other expenses.
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Rising gasoline prices pushed inflation to its highest level in almost three years in April. Consumer prices were up 3.8% from a year ago.
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China has cushioned the worst of the energy shock through its strategic oil stockpiles and a diversified mix of renewable energy sources.
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