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Oil Soars as Middle East Tensions Rise | Wilmington News
Brent crude surges past $100 a barrel for the first time since May, fueled by escalating Middle East tensions and attacks on Saudi tankers — reversing a recent dip below $72. Wall Street braces for a downturn as S&P 500, Dow, and Nasdaq futures fall amid earnings season pressure. Big tech takes hits: Alphabet drops after a $900M EU antitrust fine, Tesla’s shares slide despite rising sales due to heavy R&D spending. Meanwhile, airlines like American, Delta, and United face higher fuel costs, while defense stocks soar as Lockheed Martin and RTX benefit from geopolitical volatility. Listen in…
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