US Stocks Today: US stocks fall as Iran war escalation sends oil prices up

US stock indexes declined as oil prices rose due to escalating US-Iran conflict. Inflation concerns grew after Fed Chair Kevin Warsh's hawkish remarks at Jackson Hole. Traders now anticipate a higher probability of a Federal Reserve rate hike in September. Energy stocks gained while most other sectors experienced losses on Monday. The US jobs report on September 4th holds significant importance for the rate outlook.