Oil Surge Sparks Market Turmoil | Montpelier News

Stocks plunged and oil surged as conflict fears resurfaced, rattling markets and reigniting inflation worries. The S&P 500 fell 0.6%, the Dow dropped over 500 points, and Brent crude jumped more than 5%. With shipping lanes like the Strait of Hormuz now under threat, global oil supply could be disrupted — pushing prices higher and potentially forcing the Fed to hike rates again. That’s bad news for stocks, especially for fuel-heavy sectors like airlines and cruise lines. Treasury yields climbed too, signaling higher borrowing costs ahead. Meanwhile, Hong Kong’s Hang Seng index rallied on the back of a booming Chinese AI startup, offering a rare bright spot in an otherwise turbulent market. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bba52408ae0bbf7a