The stock market isn't ignoring Iran. It's rising for these three very real reasons

TL;DR

The S&P 500 has reached all-time highs despite elevated oil prices and the ongoing U.S.-Iran war.
Fundamental reasons for the market's comeback include a resilient U.S. economy with lower oil dependency.
Energy costs represent a small portion of company margins, limiting their impact.
Artificial intelligence is a key driver, with the largest tech companies dominating S&P 500 profits.
Only a small percentage of U.S. companies expect negative or mixed impacts from the U.S.-Iran war.
The largest 10 companies in the S&P 500 now account for about 34% of the index's total profits.
The U.S. economy requires significantly less oil to produce the same amount of GDP compared to past decades.

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