Stocks Recover From Early Losses, Oil Prices Remain Elevated

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Stocks overcame early losses to finish with slim gains and close out their first winning week since the start of the Iran war. Oil prices remained elevated, however, having soared after a national address late Wednesday from President Donald Trump, where he vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. A barrel of U.S. crude oil rose to $111.54. Tesla shares fell more than 5% after its deliveries for the first quarter fell short of estimates.

Why it matters

The ongoing conflict with Iran has had a significant impact on global energy markets, with oil prices spiking due to supply disruptions and geopolitical tensions. This has put pressure on the U.S. economy and stock market, as high energy costs can lead to inflation and reduced consumer spending.

The details

Stocks overcame early losses to finish with slim gains, closing out their first winning week since the start of the Iran war. Oil prices, however, remained elevated, with a barrel of U.S. crude oil rising to $111.54. This came after a national address late Wednesday from President Donald Trump, where he vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. Tesla shares also fell more than 5% after the company's deliveries for the first quarter fell short of estimates.

• On Wednesday, President Trump delivered a national address vowing continued attacks on Iran.
• On Thursday, a barrel of U.S. crude oil rose to $111.54.

What’s next

The conflict with Iran and its impact on global energy markets is an ongoing situation, and further developments are likely in the coming weeks and months. Investors will be closely watching for any changes in oil prices, as well as the potential for further escalation or de-escalation of the conflict.