U.S. benchmark crude

Oil prices rose over 2% as Middle East fighting intensified, while Asian shares were mixed with Tokyo and Seoul indices rebounding. U.S. and Iran assert control over the Strait of Hormuz, disrupting oil tanker traffic and fuel prices. AI-related stock movements and China's export growth also influenced markets.

Oil prices rose due to intensified Middle East fighting and uncertainty over the Strait of Hormuz, while Asian stocks declined as AI-related sectors underperformed. The Nikkei 225, Kospi, and Shanghai Composite all fell, with AI stocks like Micron and Nvidia leading losses. U.S. crude and Brent crude prices increased, though remaining below wartime peaks.

Oil prices rose 3.6% for Brent crude and 3.5% for US benchmark crude following US and Iran airstrikes. Asian shares declined, with the Kospi dropping 9% and SK Hynix's stock falling 15.4% in Seoul amid concerns over AI-driven market volatility.

Oil prices surged nearly 6% after U.S. President Donald Trump declared the interim ceasefire with Iran 'over,' following U.S. strikes on Iran in response to attacks on ships in the Strait of Hormuz. The price of Brent crude oil and U.S. benchmark crude both rose significantly, while global stock markets declined amid heightened geopolitical tensions.

U.S. stock futures were mixed with the S&P 500 and Nasdaq rising while the Dow fell. Oil prices declined as OPEC+ announced an August output increase of 188,000 barrels per day. SK Hynix filed a $28 billion U.S. IPO, and SpaceX shares rose ahead of joining the Nasdaq 100.

Global shares showed mixed performance as OPEC+ members agreed to increase oil production by 188,000 barrels per day in August, causing oil prices to decline. European markets rose while Asian markets were mixed, with uncertainty over supplies lingering due to stalled Iran-related talks on the Strait of Hormuz.

Asian shares and U.S. futures showed mixed performance as technology stocks declined in Tokyo and Seoul. Oil prices fell due to increased production by seven OPEC+ members, including Saudi Arabia and Russia, while uncertainty persisted over supply chain talks with Iran. Major stock indices in Japan, South Korea, and Australia declined or edged lower, while Hong Kong and Shanghai saw modest gains.

Oil prices declined as markets reacted to progress in US-Iran negotiations, with Brent crude falling 2.8% to $78.29 and US benchmark crude dropping 2.3% to $74.14. US Vice President JD Vance noted the talks created a 'good foundation for a successful final deal,' while stock indices showed mixed results, with the S&P 500 and Nasdaq declining and the Dow rising.

A tentative deal to end the Iran war and reopen the Strait of Hormuz boosted global stock markets while oil prices fell over $4 per barrel. Major indices like the S&P 500, Dow Jones, and European benchmarks rose, with Asian markets also surging as investors anticipated eased tensions.

Wall Street indices pointed to modest gains as oil prices fell following a sell-off last week. Futures for the S&P 500 and Nasdaq rose, while airlines saw stock increases due to reduced fuel costs amid elevated oil prices linked to Middle East conflict. The U.S. government will release inflation data this week, with analysts expecting no immediate Federal Reserve rate cuts.