Wall Street priced a swift bombing campaign. What it got was an energy war.

The news indicates that Wall Street anticipated a quick resolution to geopolitical tensions, but instead, an ongoing energy war is emerging, potentially driving up oil prices and increasing inflationary pressures globally. This could lead to higher costs for businesses and consumers, negatively impacting economic growth, particularly in energy-dependent regions like Europe. Overall, this may result in increased market volatility and cautious investor sentiment in the short term.