Oil prices surged for a ninth straight day after Axios reported that President Trump would be briefed on new military options for Iran, prompting Brent futures to climb. July contracts topped $112 a barrel, while June, the nearest expiry, spiked to about $122 today. The uptick reflects heightened fears of a Middle East flare‑up.

U.S. stock futures fell despite blockbuster earnings from giants like Microsoft, Alphabet, Meta and Amazon. Nasdaq‑100 contracts edged higher, but the broader market slid as investors weighed geopolitical risk. Meta shares dropped 7% after announcing plans to expand AI data centers, whereas Alphabet jumped 6% pre‑market on a cloud boom in the first quarter report.

Investors eye the upcoming earnings of Apple, set to release tomorrow, and the policy announcements from the Bank of England and European Central Bank. The Federal Reserve held rates steady yesterday, while market participants await its March inflation gauge and first‑quarter GDP data, both due before the opening bell for global investors in the week.

The rally in oil and drag on stocks underline how geopolitical jitters can erode gains from tech earnings. With AI investments still driving surges for some names, the market’s reaction shows that energy prices and international tensions remain decisive forces for equity valuations today in.