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How US-Iran Conflict Fueled Oil Surge and Nikkei's 2.4% Drop — Market Wrap Jul 8, 2026
Today's AI insights from 7horns.ai reveal a risk-off market start as geopolitical tensions between the US and Iran send crude prices soaring. Brent crude climbed over 2% to trade near $75-$76 a barrel, while WTI rose to $72-$73, driving energy stocks higher with ExxonMobil up 2.76% pre-market and Chevron gaining 2.75%. Conversely, semiconductor stocks suffered amid cooling AI chip demand after Samsung's earnings miss. Micron dropped 5.16%, AMD fell 2.41%, and Tesla slid 1.41% pre-market. The Nikkei led losses, falling 2.4%, weighed down by semiconductor worries, while Hong Kong's Hang Seng…
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