A key concern for markets would center around the potential impact of the developments in the Middle East on oil prices and thus on inflation.

Trump signaled Monday that he’s wary of rising oil prices that spiked Sunday after the U.S. military attacked nuclear sites in Iran. Prices had dropped again Monday. And with Americans heading into the busy Fourth of July driving season, the president sought to publicly address concerns that soaring gasoline prices might follow.

Oil prices may change after the United States’ involvement in the Israel-Iran war. Some experts warn that possible retaliation by Iran could interrupt the influx of crude oil, which may harm global economies.