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SECURITYJul 8 · 04:52 UTCWDIV CLICKONDETROITElaine Kurtenbach, Associated Press

Oil prices jump after US strikes on Iran, while shares in Asia are mixed

Oil prices surged over 2% following U.S. strikes on Iran after attacks on ships in the Strait of Hormuz, while Asian shares were mixed. Chinese markets rose, particularly tech stocks like Tencent and Alibaba, while U.S. AI-related stocks fell sharply, with companies like AMD and Intel losing significant value.

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United StatesplaceIranplaceStrait of HormuzplaceBrent crudetopicSamsung ElectronicsorganizationSK HynixorganizationTencentorganizationAlibaba Group Holdingorganization
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Oil prices jump after US strikes on Iran, while shares in Asia are mixed · The Nexus