The Dow closed positive on Monday, despite a nearly 900-point drop due to concerns over stagflation due to the Iran conflict. President Trump stated that the conflict was "very far ahead of schedule," leading to a late rally in the Dow. However, experts warned that oil prices could spike again due to ongoing conflict, potentially leading to inflation and slow economic growth. The Dow closed up by 0.5%, while the Nasdaq and S%P 500 also rose by 1.4%. JPMorgan analyst Andrew Tyler warned that the escalating conflict could drag the S&P 500 down to about 6,270, a 7% decline from Friday’s close. National average gasoline prices hit $3.48 on Monday due to a major bottleneck in the Strait of Hormuz. There are also concerns that a politicized Fed could influence inflation and interest rates.