Oil prices surge again as Brent crude hits $78.96 and U.S. crude climbs to $74.26, reversing a brief dip after Iran’s attack on a container ship triggers U.S. strikes and retaliatory strikes across the Middle East — rattling global markets and sending U.S. and Asian stock indexes lower. Meanwhile, SK Hynix’s volatile debut highlights AI stock frenzy vs. real earnings, while investors brace for a critical earnings season as major U.S. banks face pressure to prove their high valuations are sustainable amid stubborn inflation and high yields.
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