Oil Stabilizes at $76.25 as Middle East Tensions Ease and SK Hynix Debuts

Oil prices are treading water near $76.25 per barrel after a volatile week driven by geopolitical risks. Attacks on ships near the Strait of Hormuz initially lifted Brent crude above pre-war levels and weighed on Asian equities, pushing South Korea’s KOSPI into bear-market territory amid Samsung’s selloff. Markets have since stabilized as SK Hynix’s $26.5 billion U.S. listing boosted semiconductor sentiment, offsetting inflation concerns and limiting broader risk-off moves despite ongoing Middle East tensions.