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NASDAQ:OET 2 April 2026

Oil Prices Soar as Hormuz Fears Return, Brent Tops $109 and WTI Sees Biggest Jump Since 2020

Oil Prices Soar as Hormuz Fears Return, Brent Tops $109 and WTI Sees Biggest Jump Since 2020

Brent crude rose above $109 a barrel and U.S. WTI topped $111 after President Trump vowed continued attacks on Iran and gave no timeline for reopening the Strait of Hormuz. U.S. gasoline could reach $5 a gallon within a month if the waterway remains shut, analysts said. U.S. clean-fuel exports hit a record in March as global buyers sought alternatives. Shipping costs surged, with vessel availability on the Gulf Coast down 41% in a month.
2 April 2026
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Stock Market Today

  • Space Stocks Dip Ahead of SpaceX's Major IPO Launch
    May 15, 2026, 11:52 AM EDT. Space stocks experienced a decline as SpaceX, the aerospace giant, prepares for a highly anticipated initial public offering (IPO). The potential impact of SpaceX's entry into public markets on smaller space companies remains uncertain. Investors are closely watching how the IPO might influence valuations and investor interest across the sector, with concerns that SpaceX's dominant market presence could overshadow smaller players. The IPO, expected to be a significant event, may reshape investment patterns in the growing space industry.

Latest articles

Dow Jones Live: Dow Slides as Yield Shock Hits Wall Street’s AI Rally

Dow Jones Live: Dow Slides as Yield Shock Hits Wall Street’s AI Rally

15 May 2026
The Dow Jones Industrial Average fell below 50,000 on Friday, dropping 0.87% to 49,626.62 as Treasury yields climbed and oil prices neared $109 a barrel. Nvidia, AMD, and Intel shares dropped sharply, pulling the Nasdaq down 1.63%. Markets increased bets on a Fed rate hike in December after inflation data showed energy-driven price gains.
Tesla Stock Drops Today as China FSD Hopes Stall After Trump-Xi Summit

Tesla Stock Drops Today as China FSD Hopes Stall After Trump-Xi Summit

15 May 2026
Tesla shares dropped 3.7% Friday after President Trump left Beijing without securing Chinese approval for the company’s Full Self-Driving software. U.S. executives, including Elon Musk, departed the summit with little clarity on regulatory gains. Tesla’s China-made EV sales rose 36% in April, but analysts warn delays in FSD approval and competition from local rivals could limit growth.
Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms

Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms

15 May 2026
Mind Robotics, spun out of Rivian, raised $400 million in a round led by Kleiner Perkins, valuing the company at $3.4 billion. The startup uses production data from Rivian’s factories to train industrial robots. Rivian shares traded at $13.96, down 56.5 cents, with a market value of $17.4 billion. Rivian began deliveries of its R2 SUV, targeting 62,000 to 67,000 units in 2026.
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