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Oil Soars as AI Stocks Shake | Lexington News
Oil prices surged over six percent after Trump signaled the Iran interim deal is off the table, sparking global market jitters amid U.S. strikes on Iran over attacks on ships in the Strait of Hormuz. Brent crude hit $78.80, U.S. benchmark $75, reversing recent declines below $100. The dispute centers on Iran’s push to control shipping routes — though attacked vessels used a route near Oman, not Iran’s preferred path. Meanwhile, AI stocks are under scrutiny as valuations outpace real productivity gains, while global equities tumbled — Europe’s DAX and CAC 40, UK’s FTSE 100, and Asia’s Nikkei…
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