Economic Signal — US-Iran war: Oil prices plunge, markets surge, fuelled by ho — OpenWatch

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Economic Signal — US-Iran war: Oil prices plunge, markets surge, fuelled by ho — OpenWatch

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Economicupdate🇺🇸United States 🇮🇷IranMay 7, 2026

US-Iran war: Oil prices plunge, markets surge, fuelled by hopes of reopening Strait of Hormuz A tumbling oil price and rally in tech stocks such as Google-parent Alphabet on Wall Street has set the S&P/ASX 200 up for a positive opening today.

Severity: 4.1/10Source: The West Australian

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