Global oil prices declined on Friday amid renewed hopes of easing tensions in the Middle East, while equities delivered mixed performances, with technology stocks helping push the Nasdaq Composite higher.
Crude markets had earlier rallied on concerns over prolonged disruption in the Gulf region, particularly as Iran maintained restrictions around the strategically vital Strait of Hormuz. However, sentiment shifted after reports that Iranian Foreign Minister Abbas Araghchi was heading to Islamabad for a possible second round of diplomatic talks.
The renewed dialogue raised expectations of a de escalation that could restore energy flows. As a result, Brent crude slipped below the 100 dollar per barrel mark, reversing earlier gains driven by supply fears.
Investor confidence was further supported by an extension of the ceasefire between Israel and Lebanon, adding to optimism that regional ility could improve in the near term.
On Wall Street, markets opened on a positive note. The Nasdaq Composite rose as chipmakers rallied, led by Intel, whose shares surged sharply after beating quarterly earnings expectations. Strong demand for data center chips and continued enthusiasm around artificial intelligence have fueled gains across the semiconductor sector.
Other major indices, including the S&P 500, also advanced, with global markets recovering from earlier losses triggered by the conflict. Meanwhile, companies such as Microsoft and Meta announced workforce reductions as they ramp up investment in AI, signaling a strategic shift rather than distress.
Investors are now turning their attention to upcoming earnings reports from major US tech firms, which could set the tone for markets in the coming weeks.
In Europe, trading remained subdued, with Germany’s DAX holding steady despite weakening business confidence linked to geopolitical uncertainty.
Overall, markets reflected cautious optimism, balancing geopolitical risks with strong corporate earnings and continued growth in the technology sector.
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