Oil Jumps 2% Past $84 as US-Iran Deadlock Deepens
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- Oil prices rose 2% to a more-than-one-week high after US-Iran peace hopes dimmed, according to Reuters
- US crude topped $84 as Strait of Hormuz deal hopes dwindled and the US-Iran deadlock deepened, per CNBC, with WSJ reporting Dow futures wavering on the move
Why it matters: The 2% oil jump past $84 reprices the supply-risk premium as the US-Iran Hormuz negotiations stall, and the WSJ-flagged Dow futures wobble shows equities absorbing the same geopolitical shock simultaneously — squeezing any cost-sensitive sector tied to energy.
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