Global Markets Stumble: Oil Surges to $101 Following US-Iran Escalation While AI Stocks Face Reality Check

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Oil prices were higher on Friday and stocks a little bit lower as the U.S. and Iran exchanged fire in the Middle East, though many markets in Asia were still heading for stellar weekly gains as AI demand has swept up chipmakers.Benchmark Brent crude futures were up 1.3% at $101.60 a barrel and Europ