Global Stocks Slip as Oil Prices Climb Amid Middle East Tensions

Global stock markets saw declines on July 22, 2026, with Nasdaq-100 futures dropping 1%, as oil prices surged. Brent crude rose 3% above $94 a barrel, driven by escalating tensions in the Middle East, particularly U.S. strikes on Iran. This geopolitical instability is fueling concerns over energy prices and potential inflationary pressures, impacting broader market sentiment ahead of major tech earnings.