ASX:TLC 19 February 2026

April 23, 2026, 10:38 AM EDT. US equity futures slipped on April 23, with S&P 500 and Nasdaq futures down about 0.5% to 0.7%, following record highs a day earlier. The decline came as Brent crude oil prices surged past $100 per barrel, driven by disruptions in the Strait of Hormuz due to renewed Iran-U.S. tensions. Iran's uncertain participation in peace talks and continued naval blockades heightened supply concerns. The Federal Reserve is now expected to delay interest rate cuts owing to inflation risks from soaring energy prices. Technology stocks, which led recent gains, showed signs of softness amid the bearish sentiment. Oil prices rose for the fourth consecutive session, with Brent crude hitting $106.15 and U.S. crude reaching $97.25, reflecting tight supply and robust demand.