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Stocks Shake Off Iran Jitters as AI Pushes Market up, Even Amid Oil Climbs and Hormuz Crisis
Brent crude rose nearly 3% to $94 a barrel as renewed strikes in the Gulf raised supply fears, while AI demand kept stocks near records.
- On Monday, Brent crude futures rose nearly 3 per cent to $94 a barrel following weekend US-Iran strikes, while global stock markets held near record highs driven by continued enthusiasm over AI-related technologies.
- Negotiations to extend the Iran war ceasefire continued, though Defense Secretary Pete Hegseth warned Saturday that the United States remained ready to restart attacks if a deal could not be reached.
- Japan's Nikkei 225 crossed the 67,000 mark for the first time, reaching 67,231.28, while South Korea's Kospi hit a record 8,874.16 as SoftBank Group shares rose more than 9%.
- XTB research director Kathleen Brooks said markets remain optimistic that a deal will be found, though she warned any delay in reaching an agreement could knock market sentiment.
- Investors turn focus to macro releases later this week, including May payrolls, as Pepperstone chief market strategist Chris Weston noted officials will likely maintain a balanced policy approach.
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14 Articles
14 Articles
Stocks shake off Iran jitters as AI pushes market up, even amid oil climbs and Hormuz crisis
The MSCI All-World index was up 0.13% to trade around record highs, as markets from Tokyo to Seoul traded at or near all-time peaks, underpinned by avid demand for anything AI-related.
·Jerusalem, Israel
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The US Central Command (Centcom) has officially confirmed that it has carried out new airstrikes against targets inside Iran.
·Belgrade, Serbia
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The IndependentReposted by 
The Independent (US)
The Independent (US)Oil prices jump as US and Iran exchange fresh strikes
Brent crude, the international benchmark, rose 2.4 per cent to $93.33 a barrel in early trading
·London, United Kingdom
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Punch Newspapers+2 Reposted by 2 other sources
US, Iran exchange fire as negotiations stall
The US and Iran trade strikes as ceasefire negotiations stall, raising concerns about the Strait of Hormuz and regional stability. Get the latest updates. Read More: https://punchng.com/us-iran-exchange-fire-as-negotiations-stall/
Coverage Details
Total News Sources14
Leaning Left6Leaning Right1Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 22%
11%
Factuality
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