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Oil prices jump over 2% after U.S.-Iran clash in Strait of Hormuz raises conflict fears

Market News
07 May 2026
CNBC
View Source
Bearish
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Oil prices surged on Friday following an exchange of fire between the U.S. and Iran in the Strait of Hormuz, a key global oil shipping route. Brent crude rose 2.26% to $102.32 per barrel, while U.S. West Texas Intermediate gained 2.06% to $96.76. The incident heightened concerns about the fragile ceasefire between the two nations, with both sides blaming each other for the attacks. Despite President Trump's comments that the ceasefire remains intact and the strikes were minor, uncertainty persists as Iran reviews a U.S. peace proposal and the U.S. temporarily paused its naval escort mission in the area. Analysts warn that ongoing tensions could keep oil markets volatile and prices elevated in the near term.

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Investec Bank discloses share dealings in Advanced Medical Solutions Group Plc on August 7, 2026

Investec Bank discloses share dealings in Advanced Medical Solutions Group Plc on August 7, 2026

Investec Bank Plc, acting as advisor and joint broker to Advanced Medical Solutions Group Plc, disclosed its share transactions on August 7, 2026. The bank purchased 9,541 ordinary shares at 281.25 per share and sold 147,431 shares between 281 and 28...

Market News
Neutral
2 hours ago
Berkshire's operating earnings rose $1.8B last quarter, driven by a $1.2B currency gain.

Berkshire's operating earnings rose $1.8B last quarter, driven by a $1.2B currency gain.

Berkshire Hathaway reported a $1.8 billion increase in operating earnings last quarter, with a significant $1.2 billion portion attributed to favorable currency exchange movements. This currency impact notably boosted the company's financial results,...

Company Fundamentals
Bullish
2 hours ago
Travel Now Pay Later market set to grow from $45B in 2024 to $77.6B by 2030, driven by fintech and travel demand.

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The global Travel Now Pay Later (TNPL) market, valued at $45 billion in 2024, is projected to reach $77.6 billion by 2030, growing at a 9.5% CAGR. TNPL allows travelers to book flights, hotels, and tours with flexible installment payments, boosting b...

Market News
Bullish
3 hours ago
Jyske Realkredit releases preliminary data on early bond redemptions as of August 7, 2026.

Jyske Realkredit releases preliminary data on early bond redemptions as of August 7, 2026.

Jyske Realkredit A/S has published preliminary data regarding early redemptions (prepayments) of its issued bonds, dated August 7, 2026. This disclosure complies with the Capital Markets Act and provides investors with updated information on bond pre...

Market News
Neutral
4 hours ago
SoCalGas updates employee uniforms to boost safety and customer recognition in the field.

SoCalGas updates employee uniforms to boost safety and customer recognition in the field.

Southern California Gas Company (SoCalGas) is rolling out new employee uniforms featuring company branding, embroidered first names, and lightweight flame-resistant materials to improve employee safety and help customers identify workers. The updated...

Market News
Bullish
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