{"id":62071,"date":"2026-06-04T12:09:12","date_gmt":"2026-06-04T12:09:12","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/62071\/"},"modified":"2026-06-04T12:09:12","modified_gmt":"2026-06-04T12:09:12","slug":"oil-drops-stocks-mixed-on-mideast-war-ai-uncertainty","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/62071\/","title":{"rendered":"Oil drops, stocks mixed on Mideast war, AI uncertainty"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/06\/7273e0292ec195d10de3c196bf1e7d78.jpeg\" alt=\"The aftermath of Israeli airstrikes in the Burj al-Chamali area near the southern Lebanese city of Tyre on June 2 (Kawnat HAJU)\" loading=\"eager\" height=\"512\" width=\"768\" class=\"yf-lglytj  loaded\"\/> The aftermath of Israeli airstrikes in the Burj al-Chamali area near the southern Lebanese city of Tyre on June 2 (Kawnat HAJU)  \u00b7 Kawnat HAJU\/AFP\/AFP    <\/p>\n<p class=\"yf-1fy9kyt\">Oil prices and the dollar retreated Thursday while stock markets were mixed as traders reacted to conflicting events in the Middle East war and the artificial intelligence industry.<\/p>\n<p class=\"yf-1fy9kyt\">Iran reported &#8220;no tangible progress&#8221; in negotiations on ending the war, even as the US House of Representatives passed a resolution seeking to halt American military action in Iran.<\/p>\n<p class=\"yf-1fy9kyt\">Israel meanwhile struck south Lebanon and threatened new attacks on Beirut despite an announcement hours earlier that the opposing sides had agreed to implement a conditional ceasefire.<\/p>\n<p class=\"yf-1fy9kyt\">Elsewhere, a disappointing forecast by chip giant Broadcom stoked concerns about AI stock valuations, which have soared in recent months and helped push equity indexes to record highs.<\/p>\n<p class=\"yf-1fy9kyt\">Broadcom&#8217;s stock plunged 13 percent in after-market trading on Wednesday, &#8220;reviving doubts the actual growth rates for artificial intelligence&#8221;, said John Plassard at Cite Gestion.<\/p>\n<p class=\"yf-1fy9kyt\">Investors also braced for a coming IPO by Elon Musk&#8217;s SpaceX, the rockets-to-AI behemoth that is aiming to raise $75 billion in the biggest initial share sale ever.<\/p>\n<p class=\"yf-1fy9kyt\">SpaceX said in a regulatory filing that it would offer over 550 million shares at\u00a0$135 each next week, which could value the company at a whopping $1.8 trillion.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;Market sentiment is coming under pressure following yesterday&#8217;s pullback in US equities and the precarious nature of\u00a0negotiations between the US and Iran to reopen the Strait of Hormuz,&#8221; said Neil Wilson, investor strategist at Saxo UK.<\/p>\n<p class=\"yf-1fy9kyt\">Despite rising energy prices, US data showed the country&#8217;s companies added the most jobs in May since the start of 2025.<\/p>\n<p class=\"yf-1fy9kyt\">That came before the release of the closely watched nonfarm payrolls report Friday for the world&#8217;s biggest economy.<\/p>\n<p class=\"yf-1fy9kyt\">The dollar dropped against main rivals after recent gains thanks to its safe-haven status and expectations that the Fed could raise US interest rates to combat higher inflation.<\/p>\n<p class=\"yf-1fy9kyt\">However, the greenback still managed to push Indonesia&#8217;s rupiah to a record low against the currency, with the Asian country stung by surging energy costs and as its lawmakers passed a bill expanding oversight of the central bank that raised concerns over its independence.<\/p>\n<p class=\"yf-1fy9kyt\">&#8211; Key figures at around 1130 GMT &#8211;<\/p>\n<p class=\"yf-1fy9kyt\">Brent North Sea Crude: DOWN 1.4 percent at $96.46 a barrel<\/p>\n<p class=\"yf-1fy9kyt\">West Texas Intermediate: DOWN 1.1 percent at $94.98 a barrel<\/p>\n<p class=\"yf-1fy9kyt\">London &#8211; FTSE 100: DOWN 0.9 percent at 10,242.18 points<\/p>\n<p class=\"yf-1fy9kyt\">Paris &#8211; CAC 40: UP 0.6 percent at 8,200.79<\/p>\n<p class=\"yf-1fy9kyt\">Frankfurt &#8211; DAX: UP 0.4 percent at 24,902.98<\/p>\n<p class=\"yf-1fy9kyt\">Tokyo &#8211; Nikkei 225: DOWN 1.4 percent at 67,470.69 (close)<\/p>\n<p class=\"yf-1fy9kyt\">Hong Kong &#8211; Hang Seng Index: DOWN 1.5 percent at 25,253.40 (close)<\/p>\n<p class=\"yf-1fy9kyt\">Shanghai &#8211; Composite: DOWN 0.6 percent at 4,057.78 (close)<\/p>\n<p class=\"yf-1fy9kyt\">New York &#8211; DOW: DOWN 1.2 percent at 50,687.07 (close)<\/p>\n<p class=\"yf-1fy9kyt\">Euro\/dollar: UP at $1.1630 from $1.1599 on Wednesday<\/p>\n<p class=\"yf-1fy9kyt\">Pound\/dollar: UP at $1.3448 from $1.3420<\/p>\n<p class=\"yf-1fy9kyt\">Dollar\/yen: DOWN at 159.85 yen from 160.07 yen<\/p>\n<p class=\"yf-1fy9kyt\">Euro\/pound: UP at 86.49 pence from 86.43 pence<\/p>\n<p class=\"yf-1fy9kyt\">burs-bcp\/js<\/p>\n","protected":false},"excerpt":{"rendered":"The aftermath of Israeli airstrikes in the Burj al-Chamali area near the southern Lebanese city of Tyre on&hellip;\n","protected":false},"author":2,"featured_media":62072,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5541,24,25,369,35515,1820,35516,35514],"class_list":["post-62071","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ai","tag-oil-prices","tag-ai","tag-artificial-intelligence","tag-iran","tag-neil-wilson","tag-stock-markets","tag-tangible-progress","tag-us-house-of-representatives"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/62071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=62071"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/62071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/62072"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=62071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=62071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=62071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}