Lucid Group Stock Is Down 67% in 12 Months. Here's Why.

After a three-week-long rally that’s brought the S&P 500 to new record highs, investors are again bracing for uncertainty following a whirlwind of weekend developments concerning the war with Iran.

The seizure is an apparent escalation of a U.S. naval blockade, and comes after Iran fired upon commercial vessels transiting the Strait of Hormuz earlier on Sunday.