It was the kind of week that reminded investors how quickly the market narrative can shift, as a geopolitical shock, a surprising jobs decline and fresh tariff threats combined to shake confidence across Wall Street.
Energy markets set the tone.
The escalating conflict in Iran disrupted crude supplies and shut down traffic through the Strait of Hormuz — the narrow waterway that normally handles roughly 20% of the world’s oil and natural gas shipments.
With parts of the route effectively closed and drone attacks targeting regional energy facilities, several oil-producing countries including Iraq and Kuwait reportedly curtailed production.
The disruptions helped push crude oil prices sharply higher. Oil surged toward $90 a barrel by midday Friday, up over 30% for the week, one of the biggest weekly jumps in history.
Chart: Crude Tops $90 For First Time Since 2023, Notch Strongest Week Ever
Energy Stocks Avoid Losses, Fuel-Consuming Industries Sink
Higher energy prices quickly rippled through …
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