Oil Prices Surge, Stocks Drop Amid Iran Conflict

0:00All prices surged back near $100 a barrel today, while stocks took a hit. All thanks to shaky vibes around that Middle East truce as the. Iran conflict drags on. Brent Crew jumped 3.5% to $98, and US West Texas Intermediate climbed 4.6% to $98. Dollars 88 cents. Wall Street Futures dipped, and Europe's main index fell half a percent after a big rally yesterday. Here this week, markets flipped the script with huge gains right after President Trump announced a two-week ceasefire with Iran. The S&P 500 rose 2.5%, the Dow saw it to alter 25 points or 2.8% and, nas that climb 2.8% too, riding ways from Europe and Asia. Both sides are claiming wins on the ceasefire, but tensions simmer with ongoing pressure. Trump hit true social, saying US troops and gears they put in the region. Russia insists the deal means reopening the straight-of-form moves in Iran, ditching

1:00its enriched uranium stockpile. Fresh inflation numbers drop with the core PCE index of 2.8% yearly, matching forecasts, though the economy grew just half a. Percent in the fourth quarter, below the expected 7.10s. Oil still 40% higher than pre-war levels, fueling worries worldwide. Fed folks may yesterday, and more are eyeing rate hikes to tame prices, even if cuts were the original hope. With the truth wobbling, keep watching how this ripples through your wallet on energy and everyday costs. That's the story for today. Teva Bay News Today, Driven by AI, I'm Corey with The Story.