Oil futures eye their steepest weekly drop in nearly two months

Oil eyes weekly drop on Hormuz deal hopes; AI sends stocks to record highs - Markets - The Jakarta Post

S&P 500 hit a record 7,563 and Brent crude fell 10% weekly as a US-Iran Hormuz deal neared; Dell surged 39% after hours on AI server demand. Markets price de-escalation, but analysts warn inflation won't unwind fast — Federated Hermes raised S&P target to 8,000.