US oil prices top $115 a barrel after reports Iran’s Kharg Island targeted with multiple strikes
April 7, 2026 06:31 pm
Stocks retreated and oil rose as the war in Iran continued to intensify and US President Donald Trump threatened more destruction.
Futures pointed to a 0.7% drop for the S&P 500, while Europe’s Stoxx 600 fell 0.3%. West Texas Intermediate crude climbed 2% to $115 a barrel. The dollar weakened and Treasury yields rose.
-- Agencies
