Oil prices jump following the latest fighting in the Middle East, while AI stocks sink

Oil prices jumped 2% on Monday following a weekend of attacks in the Middle East and fears regarding Hormuz disruptions. These rising costs could strain global economies, potentially leading to market volatility and inflationary pressures. Meanwhile, the financial markets saw a decline in AI stocks and computer chip companies, as the previous winners of the artificial-intelligence boom suffered further losses, contrasting the upward trend seen in the energy sector during this period of instability.