Middle East Tensions and Tech Sector Volatility Impact Markets
Rising tensions in the Middle East, including Iran attacking a cargo ship near Hormuz and Iraq threatening to leave OPEC if demands are not met, have raised concerns about oil supply disruptions. Meanwhile, tech stocks like Micron (MU) and SK Hynix surged after earlier declines but showed mixed performance.
Topics: Middle East conflict OPEC production quota tech sector volatility U.S.-Iran relations