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Geopolitical tensions push oil prices up; Riot Platforms and Intel see major market moves.

Market News
11 Aug 2026
Blockonomi
View Source
Bearish
pluang ai news

Rising tensions between the U.S. and Iran have disrupted oil shipping routes, causing Brent crude to rise 1.8% to $89.34 per barrel and raising concerns about inflation. This geopolitical uncertainty led investors to favor safer assets, causing declines in cryptocurrency and mixed futures market performance. Riot Platforms surged over 20% after securing a $9.1 billion cloud infrastructure deal with Anthropic, while Intel completed a $20 billion equity raise but saw its stock fall over 4%. Market watchers await upcoming U.S. inflation data amid these developments.

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