Oil prices surge as US-Iran fighting intensifies
Oil prices rose on Sunday while US stock-index futures were little changed, as fighting between the United States and Iran intensified in the Middle East. Investors are awaiting a wave of major tech earnings due this week.
Oil prices climbed on Sunday as fighting between the United States and Iran intensified across the Middle East, unsettling investors heading into a new trading week. US stock-index futures were little changed after equities suffered a losing week.
Markets will watch earnings from major technology companies this week, including Alphabet and Intel. Analysts are looking for signals on whether the current wave of artificial-intelligence investment can be sustained.
The tension in the Middle East has revived a risk premium in energy markets. Investors are weighing the conflict's possible effects on global supply chains and the broader inflation outlook.
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