Business

Oil Prices Surge, Impacting Stock Market

Updated 2026-07-23 16:55 UTC 1 source Negative

Equities experienced a significant downturn as oil prices surpassed $100 per barrel. The U.S.-Iran conflict has intensified, making it harder for the stock market to ignore this geopolitical risk.

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CNBC

Shortsighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil'

After staying flat as the U.S.-Iran war heated up again, equities tumbled on Thursday after oil prices crossed $100 per barrel.

2026-07-23 16:47 UTC