Brent crude oil briefly topped $100 per barrel for the first time since May as increased fighting in the Middle East threatens to slow the global flow of crude. Wall Street, meanwhile, is sinking early Thursday with sharp drops for two of its most influential stocks,

The U.S. stock market is drifting in mixed trading Wednesday, while oil prices climb another 3% as fighting continues in the war with Iran. The S&P 500 was virtually unchanged, coming off its best day in three weeks,

AI stocks are turning back lower and weighing on Wall Street. The S&P 500 dipped 0.2% Wednesday, even though most of the stocks within it rose. The Dow Jones Industrial Average added 89 points,

Brent crude oil briefly topped $100 per barrel for the first time since May as increased fighting in the Middle East threatens to slow the global flow of crude. The price for a barrel climbed 6.2% to $99.

U.S. crude oil also jumped for a second straight day, rising more than 5% to almost $92 per barrel — its highest level since June 11. The new surge in prices comes after Tehran-

Oil prices settled above $100 on Thursday for the first time since May after Yemen’s Houthis said they attacked two Saudi oil tankers in the Red Sea, causing further global supply disruptions following a near-halt in trade through the Strait of Hormuz.

The Houthis claimed to have attacked two ships in the Red Sea, and Iran said a third caught fire near the Strait of Hormuz.

Oil prices rose to a near six-week high on Wednesday on mounting concerns about disruptions to Middle Eastern supply routes.

Oil ​prices climbed above $100 on Thursday, reaching their highest level in nearly two months, after Yemen's Houthis said they had attacked ‌two Saudi oil tankers in the Red Sea, adding to concerns over global supply disruptions from a near-halt in trade through the Strait of Hormuz.

The Iranian-aligned Houthis said they struck two Saudi oil tankers as part of a naval blockade on Saudi Arabia.

Oil rose in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones.

The price of oil jumped 5% Wednesday after an 11th straight night of U.S. strikes in Iran. The price of international Brent crude surpassed $95 per barrel for the first time in nearly six weeks.

Intel posted its second-quarter earnings results after the closing bell on Thursday. The company exceeded expectations with its outlook.

Intel reported second-quarter adjusted earnings of 42 cents per share, compared to analyst estimates for earnings of 22 cents per share.

Intel smashed Wall Street's targets for the second quarter and with its guidance for the third quarter. Intel stock jumped on the news.

Intel will likely report strong financial results Thursday, driven by robust demand for chips that power agentic artificial intelligence. The report will be incredibly important for the shares to rebound from the market’s recent rotation away from chip stocks.

CEO says Big Blue is well-positioned across its software, infrastructure and consulting businesses to help customers capture value from AI.

IBM (NYSE:IBM) lowered its revenue growth expectations for 2026 after weaker demand for data-centre mainframe systems weighed on quarterly performance, although the company maintained confidence in its profitability and long-term artificial intelligence strategy.

Many on Wall Street anticipated that IBM would cut its outlook after the company reported preliminary earnings last week that showed weak sales for its infrastructure and associated software.

(IBM) on Wednesday reported second-quarter earnings of $2.17 billion. On a per-share basis, the Armonk, New York-based company said it had profit of $2.27. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs,