Geopolitics21 October 2026
U.S. futures slump, oil surges 8%+ on Iran conflict; markets eye Hormuz disruption risk
via Barron's
Oil jumped over 8% (Brent to $79.48, WTI to $72.51) as the U.S.-Iran conflict escalated, raising fears of Strait of Hormuz closures that could disrupt 20% of global crude flows. Stock futures tumbled (Dow -551 pts). Traders priced in inflation risk and potential Fed hawkishness if oil stays elevated. Expect continued volatility in energy, indices, and safe havens like gold until geopolitical clarity emerges.
Original source
Barron's
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