Global markets are reeling Monday morning as a violent spike in energy prices sends shockwaves through the U.S. travel and industrial sectors.
US Futures, Asian Markets Slump Amid Rising Crude Prices
Following a chaotic weekend in the Persian Gulf, Dow Jones futures plummeted over 1,000 points in overnight trading, while crude oil benchmarks aggressively tested their 52-week highs near the $120 mark.
The risk-off contagion is hitting U.S. equities, creating a stark divide between war-exposed transportation stocks and defense-heavy beneficiaries.
The decline follows a historic surge in energy costs. Brent Crude spiked over 22.99% to hit $114.00, while WTI surged 1.20% to $110.17, with both benchmarks now aggressively testing their 52-week highs of $119.46 and $119.46, respectively.
| Index | Performance (+/-) |
| Dow Jones | -2.04% |
| S&P 500 | -1.88% |
| Nasdaq 100 | -2.18% |
| Russell 2000 | -3.74% |
The Overnight Movers: Winners and Losers
Investor anxiety is focused squarely on fuel-sensitive industries. $DAL
Trump: A ‘Small Price’ For Peace
Despite the market carnage, President Donald Trump took to Truth Social to dismiss the economic anxiety, framing the record-high fuel costs as a necessary byproduct of his administration’s offensive against Tehran.
The President also aimed at the United Kingdom, mocking Prime Minister Keir Starmer‘s consideration of sending aircraft carriers to the region.
Trump suggested the gesture was too little, too late, claiming the U.S. had “already won” the conflict and that the U.S. “doesn’t need people that join Wars” after the fact.
Conflict Escalates As ‘Lite Weight’ Takes Power
The appointment has triggered a wave of retaliatory strikes across the Gulf. Significant damage has been reported at:
- Dubai International Airport: Passengers ushered into tunnels amid drone threats.
- Kuwait: Massive fires reported at fuel depots.
- Bahrain: A water desalination plant struck by Iranian drones.
With the Strait of Hormuz effectively impassable, carrying 20% of the world’s oil, the prices could be affected if the regional infrastructure continues to crumble.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
