Commodities
Brent Crude Plunges Amid US-Iran Tensions
Oil prices experienced significant volatility following a 'heavy wave' of U.S. strikes against Iran, with Brent crude plummeting 1.5% to $86.79 per barrel.
The market had been expecting increased instability in the Middle East due to ongoing tensions between the United States and Iran, leading to sharp price swings.
Despite the decline, the S&P 500 rose 0.9%, with Microsoft leading the way after reporting a stronger profit than expected for its latest quarter.