U.S.-Iran war pushes oil higher as global markets absorb August 6 uncertainty
Oil prices rose and U.S. stocks edged lower on August 6 as uncertainty over the U.S.-Iran war raised concerns about energy flows, shipping and the global economy.
Oil Markets
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AppLovin shares plunge 19.7% as U.S. stocks edge lower on August 6
AppLovin shares fell 19.7% after mixed quarterly results as U.S. stocks edged lower, oil prices rose and the S&P 500 earnings season approached its final stretch.
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Global markets turn lower on Aug. 6 as oil rises and U.S. technology earnings face pressure
U.S. stocks moved lower on Aug. 6 as rising oil prices and mixed technology earnings weighed on markets, while European shares were mostly higher and Asian markets closed mostly lower.
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OPEC+ Approves 188,000-Barrel-a-Day September Increase as Energy Disruptions Continue
The OPEC+ producer alliance approved a modest September quota increase while warning that attacks on energy infrastructure remain costly and disruptive.
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U.S.-Iran Pause Leaves Strait of Hormuz Shipping Risks Unresolved
U.S.-Iran attacks have paused, but Strait of Hormuz traffic remains restricted as Qatar and Pakistan seek a fragile interim ceasefire framework.
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EU Oil Watch: ‘No Immediate’ Supply Concern, Chokepoint Risks Widen
EU says there’s no immediate oil supply problem in Europe, but renewed Middle East disruptions could tighten global markets in coming weeks and months.
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OPEC+ agrees on 188,000 bpd production adjustment for August—what it signals
OPEC+ agreed July 5 to implement a 188,000 bpd production adjustment in August. What it signals for oil expectations—and the U.S. fuel-price pipeline.