finance
Wall Street's Rally Halts on AI Stock Weakness and Oil Price Surge Tied to Iran-US Conflict
Weakening artificial intelligence stocks and rising oil prices driven by the ongoing Iran war interrupted Wall Street's record rally on April 28, 2026. The S&P 500 and Nasdaq composite fell, while the Dow Jones Industrial Average saw a slight gain. Developments in the Iran-U.S. standoff, including oil supply disruptions and strategic shifts, contributed to market pressures.
FI
KO
France 24Audio version
Tap play to generate a narrated version.
Weakening artificial intelligence stocks and rising oil prices due to the Iran war halted Wall Street's record-setting rally on Tuesday, April 28, 2026. 4% from its latest all-time high on April 28, 2026. 7% from its record on the same day.
M. Eastern time on April 28, 2026. 7% on April 28, 2026, acting as the heaviest weight on the S&P 500.
2% on the same day. A Wall Street Journal report stated that some leaders at OpenAI are concerned about supporting massive spending on data centers after missing targets for new users and revenue. Alphabet, Amazon, Meta Platforms, and Microsoft are scheduled to report their latest quarterly results for the start of 2026 on Wednesday, April 29, 2026.
72 on April 28, 2026. 00 on the same day. Brent crude oil prices sat around $70 per barrel in late February 2026.
Brent crude oil prices reached a peak of $119 per barrel when worries about the Iran war were at their heights. Oil prices are above $100 per barrel, according to a post from @KobeissiLetter. The effective closure of the Strait of Hormuz kept oil tankers stuck in the Persian Gulf on April 28, 2026.
U.S. lifts its blockade on the country. The Trump administration seemed unlikely to accept Iran's offer to reopen the Strait of Hormuz on April 28, 2026.
Iran's proposal would postpone discussions on the Islamic Republic’s nuclear program. U.S. Secretary of State Marco Rubio ruled out postponing discussions on Iran’s nuclear program in a Fox News interview on Monday, April 27, 2026.
Iran restarted flights to Moscow after a 2-month break because of the war, as reported by IRNA. U.S. and Israel began two months prior to April 28, 2026. U.S.
And Israel. Delano D'Souza welcomed Ali Vaez to discuss the evolving strategic landscape between Iran and the US in the aftermath of the military and economic war. Ali Vaez is the Director of the Iran Project and Senior Advisor at the International Crisis Group.
