World shares and U.S. futures slipped on Thursday as oil rose more than 2% after Iran's state television reported that 7 oil tankers caught fire and were damaged in the Strait of Hormuz. Brent gained 3.2% to $112.27 a barrel and U.S. crude rose 2.8% to $99.80. Europe's main indexes fell, with Germany's DAX down 1.1% and France's CAC 40 down 1.3%, while Tokyo's Nikkei 225 lost 2.7% and South Korea's Kospi dropped 3.5% on heavy selling of big tech and chip stocks. Worries that rising borrowing costs could slow data center construction also weighed on AI stocks.
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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% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.21 |
| Change that session | +1.06% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/21/2026 | 84,093.42 |
| Change that session | +1.28% |
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% |
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 tankers pushes oil prices higher
World shares and U.S. futures fell after Iran's state TV reported that seven oil tankers caught fire and were damaged in the Strait of Hormuz, pushing oil more than 2% higher; 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 rose 3.2% to $112.27 a barrel and U.S. crude gained 2.8% to $99.80. In Asia, Japan's Nikkei 225 lost 2.7% on heavy selling of big tech names such as SoftBank, South Korea's Kospi fell 3.5% and Hong Kong's Hang Seng dropped 3%, as AI stocks came under pressure over worries that data center construction may slow as borrowing becomes more expensive. On Wall Street the previous day, SpaceX's stronger profit lifted stocks, while Netflix fell 5.3% despite beating profit expectations on concerns its momentum may be slowing.
- Asian shares retreat as report of damage to oil takers pushes oil prices higher
Asian shares and U.S. futures fell Thursday after Iran's state television reported that seven oil tankers caught fire and were damaged in the Strait of Hormuz, pushing Brent crude up 2.1% to $111.11 a barrel. If confirmed, it would be the largest number of vessels damaged in the waterway in a single day since the Iran war began on Feb. 28. Tokyo's Nikkei 225 lost 2.7% on heavy selling of tech names such as SoftBank Group and Tokyo Electron, while South Korea's Kospi dropped 3.5%, led by Samsung Electronics and SK Hynix. AI stocks came under pressure over worries that data center construction may slow as borrowing becomes more expensive. On Wall Street Wednesday, the S&P 500 rose 0.6% after strong profit reports from SpaceX, whose shares climbed 7.8%.
- Asian Markets Trade Mostly Lower
Asian stock markets were mostly lower on Tuesday after mixed cues from Wall Street, as elevated crude oil prices, ongoing hostilities in the Middle East and Eastern Europe, and inflation concerns pushed global yields higher. Iran continues to assert control over the Strait of Hormuz, with ship attacks more frequent than at any point in the war. Markets expect the US Fed to hold rates next week while pricing in roughly a 94% chance of a rate hike in December. Australia’s S&P/ASX 200 fell 0.72% to 8,782.00, led by miners and financial stocks, while National Australia Bank plans to cut 2,500 jobs and Ingenia Communities jumped more than 10% as it negotiates with Warburg Pincus over a $2.14 billion takeover offer. Japan’s Nikkei 225 fell 0.62% to 64,512.35 in the morning session.
- Asian Markets Track Wall Street Higher
Asian markets were mostly higher on Friday, tracking positive cues from Wall Street, with strong gains in Japan and South Korea as technology and semiconductor stocks rebounded from a recent sell-off over concerns about rising costs of financing AI investments. Despite hotter-than-expected US inflation data, CME Group's FedWatch Tool suggests the Federal Reserve is still likely to leave rates unchanged this month. Escalating Middle East conflict pushed crude prices higher after two commercial vessels in the Strait of Hormuz were struck by projectiles, and Yemen's Houthis vowed to press on with attacks on airports and oil facilities in Saudi Arabia after hitting Aramco's headquarters. The S&P/ASX 200 rose 0.85% to 8,793.60, led by mining and technology stocks such as BHP, Block and WiseTech Global. The Nikkei 225 climbed 1.75% to 65,550.68, snapping a six-session losing streak.
- Opportunity for Russia as Asia Forces US Oil Out of Its Market
The article says sea freight costs rose sharply in October due to the situation in the Strait of Hormuz and Bab el-Mandeb, making it very expensive to ship US oil to Asia. Chartering a 2-million-barrel supertanker from the US Gulf to China costs USD 76-77 million per voyage, compared with a standard USD 7-10 million before the Middle East conflict, adding about USD 38-39 per barrel. Freight now accounts for nearly half the price of US WTI crude, while UAE's Murban is about USD 2 per barrel cheaper than WTI even after shipping to East Asia. Using smaller tankers has also proven ineffective: Trafigura chartered a 600,000-barrel tanker for USD 24 million (about USD 40 per barrel), showing the problem lies in a global shortage of shipping capacity and route risks. Russia has an opportunity to supply ESPO crude to China in large volumes from the port of Kozmino at a smaller discount, though deliveries to India are harder and shipments via Novorossiysk have fallen by about half.
- Asian shares retreat after strong profits lead a rally on Wall Street
Asian shares and U.S. futures fell Thursday after a Wall Street rally driven by strong earnings from SpaceX, Capital One and other large companies. Tokyo's Nikkei 225 dropped 1.6% to 63,595.58, led by SoftBank Group (down 5.6%) and chip equipment makers, while South Korea's Kospi fell 2.6% to 5,586.89 as Samsung Electronics and SK Hynix lost ground. AI stocks came under pressure over worries that data center construction could slow as borrowing becomes more expensive. Hong Kong's Hang Seng shed 2.7%, and Australia's S&P/ASX 200 eased 0.3% to 8,803.20. On Wall Street Wednesday, the S&P 500 gained 0.6% and the Nasdaq rose 1.1%, while Netflix fell 5.3% despite a stronger profit; the 10-year Treasury yield held at 5.12%, and Brent crude rose 1.6% to $110.55 a barrel.
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