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How Middle East tensions drove oil up 3.5% and US futures down — Market Wrap May 18
Today's AI insights from 7horns.ai highlight a volatile start on May 18, 2026, as geopolitical fears from a drone strike near the UAE's Barakah nuclear plant sent Brent crude soaring above $111 per barrel, marking a 3.5% jump. This supply disruption, deemed the largest ever by the International Energy Agency, reignited inflation concerns and pushed oil prices sharply higher. Meanwhile, US futures pointed to a lower open with the S&P 500 down about 0.7%, Nasdaq futures off nearly 0.6%, and Dow futures sliding close to 0.9%, reflecting anxiety over rising Treasury yields and geopolitical risks…
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