Finance

Global crude oil prices dropped by more than $4 per barrel following the announcement that the U.S. naval blockade of Iranian ports would be removed. Brent crude fell to approximately $83 per barrel, easing widespread concerns regarding energy-driven inflation and supply chain disruptions in the second quarter of 2026.

Following the largest initial public offering in history, SpaceX shares surged an additional 5% in premarket trading on Monday. The company, which achieved a market valuation of $2.1 trillion after its debut last week, remains a central driver of investor sentiment in the aerospace and technology sectors.

Chipmakers and AI-related stocks saw substantial gains, with the Philadelphia Semiconductor Index rising roughly 4%. Memory-focused companies such as Micron Technology and Western Digital experienced jumps of up to 8% as investors shifted capital back into high-growth technology assets following the easing of international tensions.