US EditionOil Prices Drop 9% and Wall Street Rallies to a Record After Iran Reopens the Strait of Hormuz
Wall Street’s record and hopes for a ceasefire extension eased oil prices, while Asian benchmarks fell on mixed earnings and currency moves.
- Asian stocks fell Friday while oil prices declined, with Benchmark U.S. crude slipping 1.4% to $89.90 a barrel, contrasting sharply with Wall Street's record-setting performance on Thursday.
- President Donald Trump announced a 10-day ceasefire between Lebanon and Israel late Thursday, while Iran's U.N. envoy said Tehran remained "cautiously optimistic" over extending the two-week Iran war truce.
- Tokyo's Nikkei 225 dropped 1% to 58,930.87 after reaching an all-time high Thursday, while South Korea's Kospi fell 0.6% to 6,191.19 as traders processed shifting geopolitical dynamics.
- Global energy shocks intensify with the Strait of Hormuz remaining closed due to a U.S. sea blockade, prompting the International Energy Agency to warn of potential jet fuel shortages in Europe.
- The agency warned Europe has "maybe six weeks or so" of jet fuel supplies remaining and predicted flight cancellations soon if current supply chain disruptions persist.
41 Articles
41 Articles
Asian stocks lower and oil falls after Wall Street sets another record on ceasefire hopes - The Morning Sun
HONG KONG (AP) — Asian stocks were lower Friday even after Wall Street set another record, as investors watched for signs of more U.S.-Iran talks and an extension of the ceasefire of the Iran war that is expiring next week. Oil prices fell Friday, while U.S. futures edged up modestly. Tokyo’s Nikkei 225 fell 1% to 58,930.87 after reaching an all-time high on Thursday. South Korea’s Kospi was 0.6% lower at 6,191.19. Hong Kong’s Hang Seng dropped …
The Independent
The Independent (US)Oil prices fall again amid Middle East ceasefire hopes
Asian stocks are down, however, with investors watching for signs of a ceasefire extension between the US and Iran
Rutland Herald
Asian stocks lower and oil falls after Wall Street sets another record on ceasefire hopes
Asian stocks are lower even after Wall Street set another record, as investors watched for signs of U.S.-Iran talks and an extension of the ceasefire expiring next week. Oil prices fell Friday, while U.S. futures edged up modestly. U.S. President…
Wall Street on pace for another winning week as Israel-Lebanon ceasefire boosts hope
Wall Street is on track to close out its third consecutive winning week and oil prices slid more than 3%, driven down by a truce between Israel and Lebanon.Futures for the Dow Jones Industrial Average rose 0.5%, while futures for the S&P 500 and Nasdaq one day after both ticked up 0.3% Friday. President Donald Trump late Thursday announced a 10-day ceasefire between Lebanon and Israel that began early Friday and so far, appears to be holding. Th…
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