Oil Prices Jump and Stocks Drop
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A series of attacks in the Strait of Hormuz sent Brent crude and West Texas Intermediate prices higher Tuesday.
After several weeks of declining gas prices, Ohio drivers are once again seeing higher prices at the pump. According to AAA East Central, the statewide average for regular gasoline is now $3.70 per
Brent crude dips slightly below $78 a barrel; most Asian stock markets bounce back
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Dow Jones futures waver, oil prices rise amid Iran news; Nvidia, Valero, Dell, SpaceX in focusTech futures rose overnight after Nvidia, Dell and other AI stocks bounced and SpaceX hit a new low. Oil prices kept rising on Iran news.
Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, adding supply just as crude prices slide back to levels not seen since before the Iran war erupted.
World shares mostly advanced Friday, helped by buying of technology-related shares, while oil prices slipped as traders watched for developments in the Iran war. Tensions between Iran and the U.S. have escalated after President Donald Trump said the Iran war ceasefire agreement was “over” and as the United States and Iran
President Donald Trump’s declaration that the ceasefire with Iran has ended is forcing Republicans to choose between crossing their president or backing a conflict that could sink their party ahead of the midterms.
US airstrikes struck Iranian positions as fighting deepens, escalating the volatile conflict. Tensions continue to rise with each clash.
