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US stocks tumble as oil crosses $100 amid Middle East conflict escalation
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Major US stock indexes fell sharply on Thursday after oil prices breached $100 per barrel amid renewed Middle East tensions, with the US conducting strikes against Iran for 12 consecutive nights.
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US stocks tumble as oil crosses $100 amid Middle East conflict escalation
Major US stock indexes tumbled on Thursday as oil prices crossed $100 per barrel, driven by renewed Middle East tensions. The US has conducted airstrikes against Iran for 12 consecutive nights, further escalating the conflict. The S&P 500 and Dow Jones Industrial Average fell 1.2% and 1.1%, respectively, while the Nasdaq declined 1.5%. Investors began pricing in the economic consequences of a prolonged conflict, including higher energy costs and supply chain disruptions. The VIX volatility index rose to 22.3, indicating increased market uncertainty.
Oil prices rise weekly amid escalating Middle East conflict
Oil prices surged on July 24, 2026, with Brent crude trading above $85 per barrel, putting the commodity on pace for a weekly gain. The rally follows escalating tensions in the Middle East, which have disrupted key shipping routes and raised concerns over supply disruptions. Analysts cited geopolitical risks as the primary driver of the price increase. The conflict has also led to volatility in global energy markets. The weekly gain reflects broader uncertainty in the oil market.
Oil prices fall but set for strong week amid escalating M.East conflict
Oil prices fall but set for strong week amid escalating M.East conflict Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News. Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
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