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Stocks Surge as Oil Prices Dip Below $90 Amid Iran War Uncertainty

Guavy AI Editorial Team
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Oil
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Stocks rose on Thursday as oil prices dipped below $90 per barrel, with investors shifting their focus back to the Iran war following softer-than-expected US data. This reinforced expectations that the Federal Reserve will keep interest rates unchanged next month.

Oil prices slipped 2% to $87.30, weighed down by signals of lower demand and a stalemate in peace negotiations over Iran.

The Organization of the Petroleum Exporting Countries (OPEC) lowered its world oil demand growth forecast for 2026, while commercial crude oil inventories posted their largest weekly gain since January 2023.

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