Oil surges above $112 as stocks tumble on Mideast tensions
Briefing by News4U · First published
Brent crude climbed above $112 a barrel after attacks on Saudi infrastructure and U.S.-Iran risks, sending global equities lower.
Brent crude rose above $112 a barrel and WTI topped $100 after renewed attacks on Saudi energy infrastructure and persistent U.S.-Iran risks, pushing oil prices to their highest levels since May. [2] [4]
China’s CSI 300 index fell 2%, entering a bear market, while Japan’s Nikkei 225 dropped 3%, South Korea’s Kospi 3.5%, Taiwan’s benchmark 2% and Hong Kong’s Hang Seng 3%. [1] [4]
AI stocks slid after mixed U.S. earnings, with Tesla falling 3% and Meta raising spending guidance; Bitcoin retreated toward $82,000 and gold dropped more than 1%. [3] [4]
Sources
- Global stocks tumble as oil prices rise
FT China · · Summary only
- Oil Prices Rise More Than 2% as Attacks on Saudi Arabia, U.S.-Iran Risks Persist
WSJ Business · · Summary only
- AI Stocks Slide After Earnings Disappoint; French Bonds Tumble and Oil Tops $112
WSJ Markets · · Summary only
- Asian stocks tumble, bitcoin retreats as China enters bear market
CoinDesk · · Full text