Middle East Tensions Lift Oil Prices as AI Stocks Continue to Slide

Oil prices climbed sharply on Monday after a weekend of attacks in the Middle East, while AI stocks deepened their slump and dragged on global markets, according to KSTP. Brent crude jumped 3.2% as both the United States and Iran staked competing claims over a vital shipping lane.

KSTPOil prices rise following the latest fighting in the Middle East, as AI stocks sink

"the United States and Iran each said the Strait of Hormuz is under its control."

That strategic dispute has traders bracing for potential supply disruptions, and the upward pressure on inflation is beginning to squeeze corporate profits across multiple sectors.

"The upward pressure on inflation eats away at many companies' profits."

Sun SentinelOil prices rise following the latest fighting in the Middle East, as AI stocks sink

In U.S. markets, the S&P 500 slipped 0.2%, while the Dow Jones Industrial Average managed a 127-point gain, KSTP reported. The tech-heavy Nasdaq composite fared worse, falling 0.7%, led lower by Micron Technology after SK Hynix shares in Seoul recorded their largest single-day loss ever. Treasury yields also rose as investors adjusted to the shifting inflation outlook.