Oil prices rise as US-Iran fighting escalates and Strait of Hormuz traffic falls
Benchmark crude prices rose on Thursday as fighting between the United States and Iran escalated, with Tehran saying it had targeted a US airbase in response to American air strikes. The move came alongside a sharp drop in commercial shipping through the Strait of Hormuz, where traffic had briefly ticked up in previous days before falling back to almost nothing. The developments point to immediate pressure on energy markets and maritime trade in one of the world's most sensitive shipping routes.The reported strike claim from Iran was the latest confirmed step in a fast-moving confrontation that has already had direct... [Continue Reading]
360LiveNews | 28 May 2026 11:00 LONDON
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Wall Street Opens With a Broad Risk-On Surge as Chips, Small Caps and Cyclicals Lead, Energy Slumps on Oil Drop
Executive summary: U.S. markets opened sharply higher, led by a powerful rally in AI and chip stocks, a surge in small caps, and gains across the Dow, Nasdaq and S&P 500. The move came alongside a steep drop in crude oil and energy shares, while gold, silver and bitcoin also softened. The pattern points to investors rotating toward growth and cyclicals, with lower oil prices easing one pressure point for the broader market. [Continue Reading]
Europe opens higher as autos surge, Brent slumps and metals soften
Executive summary: European equities opened firmly higher, led by the DAX, FTSE 100, CAC 40 and Euro Stoxx 50, while global autos jumped sharply and Brent crude sold off hard. The move points to a broad risk-on tone in early trading, helped by lower energy prices and a softer dollar backdrop, even as precious metals and some industrial commodities eased. [Continue Reading]
Wall Street Opens Higher as AI Chips Surge, Small Caps Jump and Oil Slides on Risk-On Tone
Executive summary: U.S. markets opened with a broad risk-on bid, led by a sharp rally in AI and chip stocks, a strong move in small caps, and gains across major equity benchmarks. The standout move is SOXX, which is up 13.19%, while the Russell 2000, Dow, Nasdaq and S&P 500 all opened higher. Energy stocks lagged as WTI crude fell more than 5%, a move that may be easing inflation pressure at the margin. The opening tone suggests investors are leaning into growth and cyclicals while rotating away from energy. [Continue Reading]
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European markets open sharply higher as oil slides and risk appetite broadens
Executive summary: European equities opened firmly higher, led by a powerful rally in the Euro Stoxx 50 and DAX, as Brent crude fell sharply and currency moves pointed to a softer dollar backdrop. The move is broad-based, with cyclicals, autos and energy-sensitive assets all participating, while gold and silver also edged higher. The scale of the equity gains suggests traders are quickly repricing the outlook for inflation, margins and policy risk, but the catalyst appears to be a market-driven reassessment of oil rather than a single confirmed policy event. [Continue Reading]
Tokyo and Asia-Pacific Close Sharply Higher as Nikkei Surges, Oil Slides and Risk Appetite Broadens
Executive summary: Tokyo led a powerful Asia-Pacific session, with the Nikkei 225 jumping +8.7% and the Kospi rising +7.3%, while the ASX 200 added +0.6%. The move came alongside a steep drop in WTI crude, a firmer yen only marginally changing, and a softer USD/CNY, pointing to a broad risk-on tone across equities, commodities and FX. [Continue Reading]
