Oil Surges With No Hormuz Deal in Sight

Oil rallied sharply after negotiations over reopening the Strait of Hormuz deteriorated, with Brent crude jumping nearly 5% to $87.72 per barrel as geopolitical risk intensified. The move lifted broader energy markets even as equities were mostly weaker, with the S&P 500 down 0.1% and the Nasdaq off 0.3% amid steadily rising Treasury yields. The article also highlighted major AI-related financing news: Nvidia reportedly secured commitments from Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs and KKR to help raise $500 billion for AI infrastructure, though Nvidia shares fell 2.9%. Separately, Intel announced plans to sell $15 billion of new shares, citing strong demand tied to AI compute investment, but its stock fell 4.1%. Overall, the piece points to a market environment dominated by oil supply fears, higher rates, and continued AI capex expansion.