US Market Tensions Fuel Crude Oil Price Surge Amid Meta's AI Breakthrough

The US market has been affected by various factors, including escalating tensions in Iran and supply concerns. As a result, Brent crude oil prices have risen more than 2% and broken through the $100 mark for the first time since July.

The increased crude oil prices are contributing to higher inflation rates and weighing on sentiment. The market is closely watching this week's PPI and CPI data, with a probability of a rate hike at next week's FOMC meeting standing at approximately 60%.

Among individual stocks, Meta Platforms (META.US) rose after releasing its AI agent 'Muse', which enables email sending and payments by accessing other apps. The stock price increased by 5.1% in pre-market trading to reach $645.