Middle East hostilities lift oil, while tech valuation jitters ripple through global markets

Renewed tensions in the Middle East have added upward momentum to oil prices, though hopes for talks have capped gains. The repricing of geopolitical risk has also lifted crude-price volatility. In equities, Apple faces limited room to raise prices as chip costs rise, while Micron’s upbeat earnings outlook has supported sentiment. A stronger dollar is pressuring the yen after Japan previously intervened in currency markets.