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Oil Jumps, Markets Shake as Iran Tensions Escalate | Irvine News
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Middle East tensions explode as Jordan and U.S. intercept Iranian missile strikes targeting American forces, sending oil prices soaring and Wall Street futures mixed ahead of the open. Global markets reel — South Korea’s Kospi plummets 6% amid AI investment fears and chip stock sell-offs. The Fed holds steady on rates, but 76% of traders expect a September hike. Generac surges 4.3% on earnings beat and data center demand, while P&G dips 3% on flat sales. Europe’s indices split, Asia’s Nikkei falls, and Japan’s quake rattles local stocks.
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