Oil prices rise following the latest fighting in the Middle East, as AI stocks sink

Oil prices surge more than 3% as US-Iran strikes fuel Hormuz fear

"The Strait of Hormuz is a vital maritime corridor for global trade. Iran does not control it," CENTCOM said following its strikes on dozens of Iranian targets.

Brent crude jumps as US-Iran fighting continues

Brent crude jumps as US-Iran fighting continues The price of Brent crude has jumped more than three percent while gold prices slumped further as fighting between the US and Iran continues. Brent was trading at just under $78 a barrel at midday after Trump announced the resumption of the blockade on Iran. Gold prices dropped almost three percent to $4,005 per ounce at 15:00 GMT.

Oil jumps 4% to $79 per barrel as US-Iran tensions escalate

By Obas Esiedesa, Abuja Global oil prices climbed by more than four per cent on Monday, with Brent crude rising to about $79 per barrel, as renewed hostilities between the United States and Iran heightened concerns over disruptions to global crude supplies. The price rally followed fresh military exchanges between the two countries and Iran’s […] The post Oil jumps 4% to $79 per barrel as US-Iran tensions escalate appeared first on Vanguard News.

America Can Bomb Iran. It Cannot Bomb Away the Strait of Hormuz

Both Washington and Tehran claim control of the Strait of Hormuz. Ship tracking shows transits down roughly 52 percent, and the war is settling into a stalemate anchored on the strait itself.

Geopolitical Tensions Shake Markets: Oil Prices Surge and Chip Stocks Slide

Wall Street futures dropped on Monday due to rising tensions between Iran and the U.S. in the Gulf, causing a spike in oil prices and pressure on chip stocks. With Iran closing the Strait of Hormuz, oil futures rose significantly, affecting tech-heavy Nasdaq, especially semiconductor stocks. Key economic reports and earnings are anticipated this week.

Iran Launches New Barrage Of Strikes On US Bases

The New York Times reports: Iran’s military said early Monday that it launched another barrage of strikes aimed at American military assets in Jordan, Bahrain, Kuwait and Oman. Hours earlier, U.S. forces said they had launched more strikes on Iran aimed at stymying its ability to attack commercial ships in the Strait of Hormuz. The latest exchange of strikes caps a nearly weeklong flare-up of hostilities as the United States and Iran tussle over…