Oil near $100 as Middle East tensions escalate; markets mixed
TL;DR Summary
Oil prices climbed toward $100 a barrel as Middle East tensions intensified, with Brent near $97 and WTI above $93, while U.S. gasoline surpassed $4 a gallon for Labor Day; markets were mixed as investors return from the long weekend and the Strait of Hormuz remains a key chokepoint. Separately, Europe’s AI startup Mistral raised about €3 billion at a €21 billion valuation, and Italy’s banking sector is seeing a wave of M&A activity, highlighting how geopolitics and tech funding are shaping markets.
- CNBC Daily Open: Brent crude barrels back towards $100 CNBC
- Why isn't oil above $100 despite supply disruptions? Reuters
- Asian Stock Markets Mixed, Investors Await U.S. CPI Data WSJ
- Oil prices surge as US-Iran strikes intensify in Strait of Hormuz Al Jazeera
- Oil extends gains as renewed Mideast hostilities raise worries of prolonged conflict CNBC
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