Stocks Move Lower, Oil Jumps After U.S. Raises the Temperature on Iran

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Chelsey Dulaney

Tue, April 7, 2026 astatine 8:49 AM CDT 1 min read

Global markets are connected borderline arsenic President Trump’s deadline to scope a truce with Iran rapidly approaches.

U.S. lipid futures prices climbed much than 2% aft the U.S. struck subject targets connected Kharg Island Tuesday, sparing lipid infrastructure. U.S. stocks opened modestly lower, with the Nasdaq composite starring losses.

With the warfare present successful its sixth week, investors person mostly taken the back-and-forth successful stride. Some investors are betting Trump, contempt much bellicose rhetoric, could widen a 8 p.m ET deadline to reopen the Strait of Hormuz, thing helium has done aggregate times successful the past month.

Meanwhile, activistic capitalist Bill Ackman is making a caller determination to summation power implicit Universal Music Group, a woody helium values astir $60 billion.

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