Oil prices surged Tuesday as hopes for a U.S.-Iran war resolution dimmed, keeping the vital Strait of Hormuz largely closed and impacting global energy supplies. Analysts predict continued price hikes, with some forecasting Brent crude could reach $150 per barrel if disruptions persist, underscoring significant economic risks.
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