Oil prices rise after attacks on tankers near the Strait of Hormuz
Brent crude rose sharply on Wednesday after a series of attacks on fossil fuel tankers near the Strait of Hormuz disrupted traffic through one of the world's most important energy routes. The benchmark price climbed 5% to more than $78 a barrel, its steepest increase in nearly two months. The move came after attacks on at least three tankers within 48 hours, according to the supplied report.The incidents took place as vessels were transiting the narrow waterway between Iran and Oman, which is central to global oil and gas shipments. One of the targeted vessels was carrying about 8 million... [Continue Reading]
360LiveNews | 08 Jul 2026 17:00 LONDON
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Europe closes lower as oil spikes, metals slide and rate-sensitive assets wobble
Executive summary: European equities ended the session under pressure, with the CAC 40 and Euro Stoxx 50 leading losses while the FTSE 100 held close to flat. The sharpest cross-asset move was in Brent crude, which surged more than 11%, reinforcing inflation concerns and helping explain weakness in gold, silver, platinum and autos. FX was comparatively calm, with sterling and the euro firmer against the dollar. [Continue Reading]
360LiveNews Markets Intelligence | 08 Jul 2026 16:45 LONDON
Wall Street Opens Mixed as Chip Rout Deepens, Oil Surges and Energy Leads Early Rotation
Executive summary: U.S. markets opened with a sharp split between growth and value, as chip and tech shares sold off hard while energy and banks outperformed. The Nasdaq and Russell 2000 were lower, the S&P 500 slipped, and the Dow held a modest gain. The biggest move was in semiconductors, where SOXX dropped -12.9%, while WTI crude jumped +7.7%, helping lift energy stocks and financials. The session points to a rotation away from rate-sensitive and AI-linked names toward sectors tied to higher oil prices and a firmer inflation backdrop. [Continue Reading]
360LiveNews Markets Intelligence | 08 Jul 2026 14:45 LONDON
Europe opens mixed as oil spikes, FTSE and DAX climb, and autos lag on supply shock fears
Executive summary: European markets opened with a split tone, as the FTSE 100 and DAX advanced while the Euro Stoxx 50 and CAC 40 slipped. The biggest cross-asset move was in Brent crude, which jumped sharply, reinforcing inflation and margin concerns across energy-intensive sectors and helping explain weakness in global autos. Gold, silver and platinum also firmed, while the euro and pound gained modestly against the dollar. [Continue Reading]
360LiveNews Markets Intelligence | 08 Jul 2026 08:15 LONDON
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