U.S. crude oil hits $90 per barrel following latest U.S. attacks against Iran
Global stocks rose and bond yields fell after President Trump indicated that U.S. strikes against Iran may be short-lived. This shift eased fears of oil-driven inflation and triggered a rally in Asian and U.S. markets. Indian indices, including the Sensex and Nifty, traded in the green on Thursday, gaining up to 0.45%. Despite the rally, crude oil remains above $90 per barrel, prompting financial analysts to adjust portfolios to protect against rising rates and energy costs.
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- ✓ President Trump stated the U.S. is prepared to hit Iran anytime we want.
- ✓ U.S. crude oil is priced above $90 per barrel.
- ✓ The Sensex and Nifty rose up to 0.45% on Thursday.
What changed
Markets recovered and oil prices eased following Trump's suggestion that military actions in Iran could be brief.
Live updates
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Markets rally as Trump suggests brief Iran strikes
Global stocks rose and bond yields fell after President Trump indicated that U.S. strikes against Iran may be short-lived. This shift eased fears of oil-driven inflation and triggered a rally in Asian and U.S. markets. Indian indices, including the Sensex and Nifty, traded in the green on Thursday, gaining up to 0.45%. Despite the rally, crude oil remains above $90 per barrel, prompting financial analysts to adjust portfolios to protect against rising rates and energy costs.
Why it matters
The volatility follows U.S. attacks on Iran, which Tehran claims were responses to actions in the Strait of Hormuz. Investors are currently balancing geopolitical risks against the likelihood of a September Federal Reserve rate hike.
What is confirmed
- President Trump stated the U.S. is prepared to hit Iran anytime we want.
- U.S. crude oil is priced above $90 per barrel.
- The Sensex and Nifty rose up to 0.45% on Thursday.
Still unconfirmed
- People at a wedding party were killed during American strikes in Iran.
What to watch next
- Official confirmation of the duration of U.S. military operations in Iran
- Federal Reserve announcement regarding a September rate hike
confidence 90%Sources used for this update (4)
- www.yahoo.com — Trump says U.S. prepared to hit Iran "anytime we want" after "very heavy attack"
- economictimes.indiatimes.com — Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex gains over 50 pts, Nifty above 23,900; Adani Ports, Power Grid rise up to 2%
- www.joburgetc.com — Markets rally as oil eases after Trump says strikes on Iran may be brief
- malaysia.news.yahoo.com — Cramer shares 3 moves to protect from rising rates and oil prices
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U.S. Crude Oil Hits $90 Per Barrel After Strikes Against Iran
U.S. crude oil reached $90 per barrel as the United States launched new strikes against Iran. President Trump vowed to hit Iran hard following attacks on American bases, which Tehran claims were retaliation for U.S. actions in the Strait of Hormuz. Markets reacted with volatility; Dow, S&P 500, and Nasdaq futures fell as investors weighed geopolitical escalation and increased bets on a September Federal Reserve rate hike. While some indices later edged higher due to strength in AI-linked shares, a bond selloff has intensified amid rising inflation risks.
Why it matters
The Strait of Hormuz is a critical global chokepoint for oil shipments. Ongoing friction between the U.S. and Iran threatens energy stability and global market volatility. The current escalation marks the first time in weeks the two nations have traded strikes.
What is confirmed
- U.S. crude oil hit $90 per barrel.
- The U.S. carried out new strikes against Iran.
- President Trump stated the U.S. will hit Iran hard after it targeted American bases.
- Dow, S&P 500, and Nasdaq futures fell as the U.S. struck Iran.
Still unconfirmed
- A tanker in the Strait of Hormuz was hit by mines.
- Tehran claims its attacks on American bases were retaliation for U.S. strikes in the Strait of Hormuz.
What to watch next
- Friday's jobs report
- Federal Reserve decision on a September rate hike
- Further U.S. military actions against Iranian targets
confidence 90%Sources used for this update (8)
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures fall as US strikes Iran, rate-hike bets jump
- www.yahoo.com — Trump says more coming as U.S., Iran trade strikes for first time in weeks
- CNBC — Tanker struck in Hormuz, raising worries over escalation, as Trump vows to hit Iran 'hard'
- WSJ — Stock Market Today: Dow, Nasdaq Futures Sink as Bond Selloff Intensifies — Live Updates
- Bloomberg.com — Oil Advances on Fresh Mideast Strikes and Claim Tanker Hit Mines
- CNBC — CNBC Daily Open: Groundhog Day in the Gulf
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: S&P 500, Dow gain as AI strength offsets US-Iran friction
- www.cnbc.com — U.S. crude oil hits $90 per barrel following latest U.S. attacks against Iran
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