Oil Prices Surge, Stocks Slide Amid Iran Tensions

0:00Oil prices are spiking, while U.S. stocks slide, as President Trump's deadline looms for Iran to reopen the strait of Hormuz. He's threatening to take out power plants and bridges by APM. Eastern tonight, if they don't comply, saying a whole civilization could be lost. The S&P dropped 0.7%, Dow shed 210 points or half a percent, and NASDAQ fell 1.1% by mid-morning. Meanwhile, crude oil benchmarks jumped hard, U.S. Crude up nearly 4% to $116.83 a barrel, Brent crude adding 0.7% to $100, $10.55. That's way above the $70 levels before the war kicked off late February. Iran blocked the strait, snarling global oil flows, and shot down a ceasefire push, demanding a full war end. It's her jittery with fears of long-term supply chaos, fueling inflation worldwide. Airlines like United down 3.7%, cruise lines like Norwegian off 4.3%, and discount chains

1:05like Dollar Tree, sliding 4.8%, as gas averages $4.14 a gallon nationwide, up from under $3 just days ago. Crypto stocks tank 2, with Coinbase off 4.6%. From the flip side, health insurers rallied after news of bigger Medicare payments in 2027 United Health, up 8% Humana 5. 0.5%. Universal Misa Group got a boost from a $64 billion buyout bid by Pershing Square, though doubts linger on if it'll close. Treasury yields edged higher to 4.36% on the 10-year note, hiking mortgage rates and cooling the economy. Investors stay glued to tonight's outcome. Deal, escalation, or another Trump delay, keeping everyone on pins and needles. That's the story for today, Vancouver News Today, Driven by AI, I'm Cory with the story.