Oil nears its highest since May after Iran threatens U.S. bases
Brent crude rose to about $114 a barrel and U.S. crude to about $100 early Friday, near their highest levels since May, according to AP and AFP. Iran's Revolutionary Guards warned the conflict would extend to U.S. bases in the region if American military escorts through the Strait of Hormuz continue. On Thursday, the Nasdaq fell 2.6% and the S&P 500 1.2% on worries about AI stocks.
📌 Follow this story: Iran war: the story so far →
The day's 5 biggest stories, verified, free by email
▶ Watch the 90-second briefing (story 2 of 5) 🔔 Get 6 AM & 5 PM alerts
Why it matters
Brent crude has climbed from under $97 at the start of October to about $114, according to AP, amid worries about the war with Iran. Thursday's drop in technology shares, led by Nvidia and Meta, pulled the Nasdaq down 2.6%, which matters for retirement accounts and funds that hold large tech stocks.
Sources
- AP via ClickOnDetroit: Asian shares mixed, oil prices jump
- AFP via IOL: Oil prices surge, Asian stocks sink
- Times of Israel live blog: IRGC threatens U.S. bases over Hormuz escorts
Also in this edition
Get the catch-up in your inbox
The same fact-checked briefing, sources included, at 6 AM and 5 PM Central. No spin, no spam — unsubscribe anytime.
We only use your email to send the briefing.