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Iran war pushes Brent crude up 40%, US gas prices rise 52%, shaking oil market's $100 benchmark

Market News
08 May 2026
Market Watch
View Source
Bearish
pluang ai news

Since the Iran war began, Brent crude oil prices have surged nearly 40%, while the average price of gasoline in the US has increased by 52%. Despite expectations of a much higher spike due to what the International Energy Agency calls the largest supply disruption in history, global oil prices have remained around $100 per barrel. Analysts warn that if the conflict continues and key supply routes like the Strait of Hormuz remain blocked, the oil market could face further instability and price volatility. Investors are closely watching gas and oil product prices as a more immediate gauge of the war's economic impact in America.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

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Ethereum breaks $1,900 resistance, fueled by strong buying and short liquidations

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Borralha Project drilling confirms high-grade tungsten zones, advancing development and exploration in Portugal.

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Market News
Bullish
4 hours ago
Ethereum surges 11% in a week, driven by strong ETF inflows and Robinhood Chain activity.

Ethereum surges 11% in a week, driven by strong ETF inflows and Robinhood Chain activity.

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Market News
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4 hours ago
XRP Ledger hits 8M activated accounts despite drop in daily active users

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The XRP Ledger has surpassed 8 million activated accounts, marking steady growth since March 2026. However, daily active addresses have declined to a 2026 low of 25,350, indicating less frequent user engagement despite overall adoption. XRP's price f...

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