Energy stocks rally as crude tops $90 after US strikes in Iran
Energy shares rose after U.S. Central Command said American forces began striking IRGC targets in Iran, lifting West Texas Intermediate crude to $90.46 and Brent to $95.05.
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Energy shares rose after U.S. Central Command said American forces began striking IRGC targets in Iran, lifting West Texas Intermediate crude to $90.46 and Brent to $95.05.
Trump said the US will hit Iran “hard” as the conflict reignites, with Trump weighing limited strikes to curb Hormuz attacks. An Iranian source warned of a harsher response to further US attacks.
U.S. stocks extended their slide on Thursday as Brent crude vaulted above $100 a barrel and the 10-year Treasury yield climbed to an 18-month high, while concerns over Alphabet Inc.’s (NASDAQ: GOOGL ) rising AI capital expenditures overshadowed an otherwise strong quarterly report and added to investor unease following
10-year Treasury yield tops 4.7%, highest since January 2025