Oil prices jump after US strikes on Iran, while shares in Asia are mixed
Asian shares are mixed and oil prices have surged more than 2% after the U.S. launched strikes on Iran. Shares in Japan and South Korea fell following a retreat on Wall Street as the AI roller-coaster took tech shares sharply lower. On Tuesday, the S&P 500 fell 0.4% even though the majority of stocks within the index rose. The downturn for artificial-intelligence-related stocks dragged the Nasdaq composite down 1.2%. The Dow Jones Industrial Average dipped 0.2%. AI stocks worldwide have been swinging because of worries their prices have shot too high. Stocks also felt pressure from rising oil prices.
BANGKOK (AP) — Asian shares were mixed on Wednesday and oil prices surged more than 2% after the U.S. launched strikes on Iran after it said Tehran struck three ships in the Strait of Hormuz.
U.S. futures were little changed.
Brent crude, the interna... [397 chars]
Published by: The Atlanta Journal-Constitution
Read full article here: https://www.ajc.com/news/2026/07/oil-prices-jump-after-us-strikes-on-iran-while-shares-in-asia-are-mixed/
