Global 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, which would be the most vessels hit in the waterway in one day since the Iran war began on Feb. 28. Brent crude rose 3.2% to $112.27 per barrel, and U.S. benchmark crude gained 2.8% to $99.80. Tech and chip stocks led losses in Asia, with Japan's Nikkei 225 down 2.7%, South Korea's Kospi down 3.5%, and Hong Kong's Hang Seng down 3%, as worries grow that data center construction may slow amid pricier borrowing. In Europe, Germany's DAX fell 1.1% and S&P 500 futures lost 1%. On Wednesday, Wall Street rose on strong profit reports from SpaceX and Capital One Financial.
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.21 |
| Change that session | +1.06% |
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% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/21/2026 | 84,093.42 |
| Change that session | +1.28% |
VNINDEX
▼ Likely negativeRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
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 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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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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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.
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