Oil Climbs as Middle East Conflict Escalates: Markets Wrap

Financial Post·July 19, 2026

AI Summary

Oil prices rose following an escalation of US-Iran attacks over the weekend, reflecting growing geopolitical tensions in the Middle East. Asian markets faced additional pressure from the oil gains combined with a significant decline in chip stocks.

From the source

Oil gained in early trading after US and Iran attacks escalated over the weekend, adding further pressure on Asian markets already rattled by a slump in chip stocks.

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