Oil prices surged Friday amid escalating Middle East tensions. Iran’s release of footage showing commandos boarding a cargo ship in the Strait of Hormuz, coupled with reports of engaging hostile targets, has fueled fears of renewed conflict. Analysts warn that a breakdown in U.S.-Iran talks could send oil prices to new yearly highs, potentially impacting global inventories.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of
October 2, 2026