Global Markets Stabilize as Oil Prices Dip Amid Tensions

WHO:

AP News - President Trump raised doubts about the temporary truce in the war with Iran.

AP News - SK Hynix is preparing to sell shares of its stock that will trade in the United States.

AP News - Micron Technology cited “surging demand for memory in the AI era.”

WHAT:

AP News - The S&P 500 rose 0.8%, the Dow Jones Industrial Average was up 180 points (0.3%), and the Nasdaq composite was 1.2% higher.

AP News - Oil prices for a barrel of Brent crude fell 2.9% to $75.72, down from $78.02 the previous day.

AP News - The average price for a gallon of regular gasoline was $3.85, up 68 cents from a year earlier.

AP News - The yield on the 10-year Treasury fell to 4.53% from 4.56%.

Bloomberg Markets - Oil edged lower as traders assessed renewed US strikes against Iran.

WHERE:

AP News - Wall Street, New York.

AP News - The Strait of Hormuz, Persian Gulf.

AP News - South Korea, Seoul.

AP News - Shanghai, Paris, Hong Kong.

WHEN:

AP News - Earnings reporting season for companies is set to begin next week.

WHY:

AP News - Concerns that a return to full-blown war will block oil tankers and worsen inflation.

AP News - Trump stated that the latest fighting would not result in “long-term” military action, raising uncertainty.

HOW:

AP News - The stock market was supported by renewed strength in makers of computer chips and AI technology.

AP News - Stocks broadly received help from falling yields in the bond market.

(UPDATED July 9, 2026 19:28 UTC)

President Trump has raised doubts about the temporary truce in the ongoing war with Iran, stating that the latest fighting would not lead to long-term military action, which has created some uncertainty. Meanwhile, the stock market saw gains, with the S&P 500 rising by 0.8%, the Dow Jones up 180 points, and the Nasdaq composite climbing 1.2%, largely supported by strength in computer chip and AI technology makers. In the energy sector, oil prices for Brent crude fell by 2.9% to $75.72, while the average price for a gallon of regular gasoline increased to $3.85, reflecting ongoing concerns about inflation and potential disruptions in oil tanker routes.