World shares and U.S. futures fell Thursday as oil rose more than 2% after Iran's state TV reported that seven oil tankers caught fire and were damaged in the Strait of Hormuz. If confirmed, it would be the most vessels damaged in the waterway in a single day since the Iran war began on Feb. 28. Brent crude gained 3.2% to $112.27 a barrel and U.S. crude rose 2.8% to $99.80. In Asia, Japan's Nikkei 225 lost 2.7%, South Korea's Kospi dropped 3.5% and Hong Kong's Hang Seng shed 3%, as heavy selling hit big tech and chipmakers amid worries that rising borrowing costs could slow data center construction. The previous day, the S&P 500 rose 0.6% after strong profit reports from SpaceX, while Netflix fell 5.3% despite beating profit expectations.
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Original headline: World shares retreat as report of damage to oil takers pushes oil prices higher
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oil pricesStrait of HormuzIrangeopolitics
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Related tickers and likely impact
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.13 |
| Change that session | +0.53% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.21 |
| Change that session | +1.06% |
PLX
▼ Likely negativePetrolimex
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 44,661 bn VND |
| P/E | 13.9 |
| P/B | 1.84 |
| Close on 10/22/2026 | 35.85 |
| Change that session | +1.99% |
PVD
▲ Likely positivePetroVietNam
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 16,699 bn VND |
| P/E | 15.0 |
| P/B | 0.96 |
| Close on 10/22/2026 | 18.90 |
| Change that session | +5.00% |
VNINDEX
▼ Likely negativeRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- World shares retreat as report of damage to oil takers pushes oil prices higher
World shares and U.S. futures fell on Thursday as oil prices rose more than 2% after Iran's state television reported that seven oil tankers caught fire and were damaged in the Strait of Hormuz. If verified, it would be the largest number of vessels damaged in the waterway in a single day since the Iran war began on Feb. 28. Brent crude rose 3.2% to $112.27 a barrel, having traded between $97 and $112 recently amid uncertainty about when the global energy industry will return to normal. Asian markets slid, with Japan's Nikkei 225 down 2.7% and South Korea's Kospi down 3.5%, hit by selling in big tech and memory chip makers, while Hong Kong's Hang Seng lost 3%. Germany's DAX and France's CAC 40 also fell in early European trading.
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According to The New York Times, the US and Israel have drawn up specific plans for a short but intensive strike campaign on Iran's energy infrastructure, nuclear facilities and missile and drone arsenals, to be carried out after the US midterm elections. The US is assembling a major force, including three aircraft carriers, thousands of Marines, fighter jets and Special Operations units, expected to be fully in place by early November. Some US officials argue another round after nearly eight months of conflict could push Iran's economy to the brink and force diplomatic concessions, while Washington reportedly sees the threat as leverage in talks over Iran's nuclear programme and the Strait of Hormuz. Tehran has threatened to unveil a weapon it calls the 'father of all bombs' without giving details, and warned that renewed fighting could hit data centres and undersea internet cables. Whether Trump will approve the attack remains uncertain, and Israel's October 27 election could complicate the timing.
- Oil prices fall on hopes of US-Iran diplomatic progress
Crude oil prices fell on October 20 as markets anticipated diplomatic progress between the US and Iran, even as attacks on oil tankers and Houthi strikes on Saudi Arabia kept escalating. The November WTI contract dropped 1.8% to $101.79 per barrel, pulling away from an intraday high of $110.48, while December Brent settled down 0.7% at $108.79. Kpler said at least 18 ships were attacked in the Strait of Hormuz over the past two weeks. Trump said earlier this month that US forces would not strike Iran before the November 3 midterm elections. PVM analyst Tamas Varga pointed to tightening global supply and a possible US sanctions waiver on Russia's shadow fleet, which could lower freight costs.
- Business - HITS FM
Global oil prices rose to their highest level since May on Tuesday after Iran and its Houthi allies claimed attacks on Middle East oil infrastructure. Brent crude briefly topped $111 a barrel before easing to $110.30, a rise of more than 55% since the Iran war began in late February. West Texas Intermediate jumped to $105.75, up more than 60% since the war started, and the average U.S. gasoline price reached $4.27 a gallon, according to AAA, nearly $1.30 higher since late February. The UKMTO reported an incident involving a tanker off Oman, Iranian media said two tankers hit naval mines south of the Strait of Hormuz, and Houthi strikes hit Saudi facilities including the Shaybah oil field and Saudi Aramco's Yanbu site. U.S. inflation hit a three-year high in May before easing over the summer, but the tentative accord with Iran expired in August and attacks have continued.
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