Global stock markets surge in April as oil prices climb amid Iran war supply shock
Updated
Updated · The Washington Post · Apr 28
Global stock markets surge in April as oil prices climb amid Iran war supply shock
14 articles · Updated · The Washington Post · Apr 28
The S&P 500 rose over 12% in April from March lows, while oil contracts neared $100 a barrel and physical delivery reached $150, following the U.S.-Israeli war on Iran and Strait of Hormuz closure.
Despite more than 10 million barrels per day removed from global oil supply, stock indexes worldwide, including emerging and Asian markets, posted double-digit gains, diverging sharply from surging energy prices and supply disruptions.
Analysts note that equity markets are adapting to the crisis, reflecting company resilience even as consumers and national economies face rising costs and uncertainty from ongoing energy shocks and regional conflict.
Why is Wall Street booming while the world faces a record energy crisis?
Is the U.S. economy headed for stagflation as energy prices soar?
Could the global energy shock trigger a new banking system crisis?
Can the AI boom truly insulate the global economy from a major oil shock?
With fertilizer trade blocked, is a global food catastrophe now unavoidable?
Is Asia's AI dominance creating a new economic world order?