Oil Rises on Gulf Clashes as AI Drives Weekly Stock Gains
Brent crude futures climbed to 101 dollars a barrel following exchanges of fire between the United States and Iran in the Gulf. Despite geopolitical tensions, Asian markets are ending the week with significant gains as strong demand for artificial intelligence technology boosts regional chipmakers.
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Brent Crude Oil rose 1% to $101 a barrel during the Singapore morning as United States and Iran forces clashed. European stock futures fell 0.7% while S&P 500 futures rose 0.3% on strong earnings. Investors are balancing Middle East supply risks against an AI-driven rally in global semiconductor stocks.
