Crude Oil Spikes on Geopolitical Risk as EURUSD Faces Pressure

Global markets are grappling with a sudden surge in geopolitical volatility. Former President Trump's announcement ending the Iran ceasefire MOU triggered a sharp spike in crude oil prices, which jumped over 5% after an attack on a Qatari tanker [1][2][3]. This energy price surge has renewed inflationary fears, pushing Treasury yields higher and putting immediate pressure on rate-sensitive equity sectors, notably technology and semiconductors [4][3]. Pre-market trading reflected this anxiety with Dow futures dropping over 500 points in the wake of the news [1]. Compounding the geopolitical drag is a broader structural worry that the massive AI capital expenditure…