Brent Crude Tops $100 as Hormuz Trade Prices in Longer Shock
Brent crude stayed above $100 a barrel on Friday, more than 38% above pre-conflict levels.
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Markets
Coverage of market moves, trends, and key drivers across asset classes.
Oil prices surge 5.8 percent as Middle East tensions pull stocks from record highs
The Dow Jones Industrial Average fell 557 points as geopolitical tensions in the Strait of Hormuz threatened a fragile ceasefire.
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S&P 500 falls from record high while profit margins hit 15-year peak
Brent crude prices surged 5.8 percent to $114.44 per barrel after Iran reportedly attacked vessels from the United Arab Emirates in the Strait of Hormuz.
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US tech profits push SP 500 to historic PE ratio of 30
The S&P 500 reached a record high of 7,230.12 as investors favored strong corporate earnings over rising geopolitical tensions and oil prices exceeding $100 a barrel.
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Mega-cap tech profits push S&P 500 profit margins to 15-year high
The S&P 500 climbed 29 percent over the past year as record corporate profits shielded large-cap firms from rising energy costs.
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Oil prices fall as U.S. military prepares to clear trapped vessels in Iran war
U.S. Central Command is deploying 15,000 service members and more than 100 aircraft to escort stranded merchant vessels through the Strait of Hormuz.
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Western oil reserves approach operational minimums amid storage crisis
Brent crude surpassed $125 a barrel on April 30 as a U.S. naval blockade and the closure of the Strait of Hormuz trapped 14 million barrels of daily supply.
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Brent crude tops $125 as Strait of Hormuz closure chokes oil flows
Brent crude jumped above $125 a barrel after the Strait of Hormuz shut down and a ceasefire collapsed.
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S&P 500 Gains More Than 10% in April for Best Month in Nearly 6 Years
The S&P 500 rose more than 10% in April, its best month in nearly six years, after seven record highs.
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U.S. Stocks Rebound 10% as Investors Price in Iran War Risks
The S&P 500 has risen nearly 3% in a day and 10% since late March as investors priced in the Iran war’s fallout.
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NBA urges CFTC to tighten prediction market rules over game integrity
The NBA urged the CFTC to tighten prediction market rules, citing risks from player, official and staff participation.
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Oil Holds Near $110 After Iran Shuts Strait of Hormuz and Cuts 14 Million Barrels a Day
JPMorgan said 580 million barrels in storage and tanker supply have offset about 8 million barrels a day of the shortage.
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