Oil Jumps on Iran Attack, Asian Stocks Set to Drop: Markets Wrap

Financial Post - July 7, 2026

Oil Jumps on Iran Attack, Asian Stocks Set to Drop: Markets Wrap

Oil climbed as the US military launched fresh air strikes in Iran and revoked a waiver that allowed it to sell crude globally. Stocks in Asia were poised to drop for a second day as a selloff in chipmakers rippled across markets.

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