Oil prices jump more than 2% after US strikes on Iran, while world shares retreat
Shares are mostly lower in Europe and Asia and oil prices surged more than 2% after the U.S. launched strikes on Iran. Stocks in South Korea dipped 5.4% 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. The latest strikes on Iran followed attacks on three ships in the Strait of Hormuz.
BANGKOK (AP) — Shares fell Wednesday in Europe and Asia and oil prices surged more than 2% after the U.S. launched strikes on Iran following attacks on three ships in the Strait of Hormuz.
Brent crude, the international standard, jumped 2.2% to $75.8... [1267 chars]
Published by: The Atlanta Journal-Constitution
Read full article here: https://www.ajc.com/news/2026/07/oil-prices-jump-more-than-3-after-us-strikes-on-iran-while-shares-in-asia-are-mixed/
