{"id":61792,"date":"2026-05-10T23:38:23","date_gmt":"2026-05-11T03:38:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/oil-surges-above-95-as-us-iran-truce-hopes-fade-china-factory-prices-rise\/61792\/"},"modified":"2026-05-10T23:38:23","modified_gmt":"2026-05-11T03:38:23","slug":"oil-surges-above-95-as-us-iran-truce-hopes-fade-china-factory-prices-rise","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/oil-surges-above-95-as-us-iran-truce-hopes-fade-china-factory-prices-rise\/61792\/","title":{"rendered":"Oil Surges Above $95 as US-Iran Truce Hopes Fade; China Factory Prices Rise"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>WTI Crude Oil<\/strong> prices climbed above <strong>$95.50<\/strong> per barrel following President Trump&#39;s rejection of a diplomatic proposal from Iran, sparking fears of prolonged supply disruptions.<\/li>\n<li><strong>China\u2019s Factory-Gate Prices<\/strong> increased for the <strong>second consecutive month<\/strong>, signaling a potential stabilization in the world\u2019s second-largest economy and a shift in global inflationary pressures.<\/li>\n<li>The <strong>USD\/CHF<\/strong> pair jumped to near <strong>0.7785<\/strong> as safe-haven demand surged after hopes for a near-term US-Iran truce evaporated.<\/li>\n<li>Geopolitical risks expanded into the health sector as <strong>North Korea<\/strong> issued warnings regarding a <strong>hantavirus outbreak<\/strong> detected on a cruise ship.<\/li>\n<\/ul>\n<h2>Geopolitical Tensions Drive Energy Markets<\/h2>\n<p>Crude oil prices saw a significant leg up in early Monday trading as diplomatic efforts between Washington and Tehran hit a major roadblock. <strong>WTI Crude<\/strong> rose above the <strong>$95.50<\/strong> mark after President Trump officially rejected a new proposal from Iran, effectively ending hopes for a near-term de-escalation.<\/p>\n<p>The renewed friction has put immediate pressure on energy-sensitive assets. Major oil producers such as ExxonMobil (<a href=\"\/stock\/XOM\">XOM<\/a>) and Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>) are expected to see increased volatility as the market prices in a higher risk premium. <em>Analysts suggest that the failure to reach a truce could keep oil prices elevated through the current quarter.<\/em><\/p>\n<h2>Currency Markets React to Safe-Haven Demand<\/h2>\n<p>The foreign exchange market responded sharply to the deteriorating situation in the Middle East. The <strong>USD\/CHF<\/strong> pair jumped toward <strong>0.7785<\/strong> as investors rotated capital into the U.S. Dollar and Swiss Franc. Conversely, the Singapore Dollar (<strong>SGD<\/strong>) came under pressure, weakened by the rally in oil prices which typically increases import costs for the city-state.<\/p>\n<p>In a related development, Israeli Prime Minister Benjamin Netanyahu commented on Iranian internal stability during an interview with CBS (<a href=\"\/stock\/PARA\">PARA<\/a>). Netanyahu stated that while Mojtaba Khamenei is alive, his current influence falls short of his father\u2019s, adding another layer of uncertainty to the Iranian leadership transition.<\/p>\n<h2>China\u2019s Industrial Recovery Gains Momentum<\/h2>\n<p>Economic data from Asia provided a rare bright spot as <strong>China\u2019s Factory-Gate Prices<\/strong> rose for the second straight month. According to reports from the Wall Street Journal (<a href=\"\/stock\/NWSA\">NWSA<\/a>), the rise in the Producer Price Index (PPI) suggests that Chinese industrial demand is firming up despite global headwinds.<\/p>\n<p>This trend is being closely watched by global central banks, as rising factory prices in China often lead to higher export prices globally. <em>The sustained increase indicates that China may finally be moving past the deflationary pressures that hampered its recovery throughout the previous year.<\/em><\/p>\n<h2>Regional Risks and Outbreaks<\/h2>\n<p>Adding to the morning&#39;s risk-off sentiment, North Korea has flagged a dangerous <strong>hantavirus outbreak<\/strong> linked to a cruise ship. The state-run Yonhap news agency reported that the outbreak has prompted immediate health flags in the region.<\/p>\n<p>In the sporting world, the South China Morning Post, owned by Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>), confirmed that Japan is a likely destination for the horse Network, following Ferrat&#39;s confirmation for the Champions &amp; Chater Cup. While a localized update, it reflects the ongoing movement of high-value assets within the Asia-Pacific region amid broader market volatility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways WTI Crude Oil prices climbed above $95.50 per barrel following President Trump&#39;s rejection of a diplomatic proposal from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[970,3591,3764,4223,4824,17812,17947,18768],"class_list":["post-61792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-wti","tag-forex","tag-ppi","tag-inflation","tag-geopolitics","tag-chinaeconomy","tag-crudeoil","tag-usdchf"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=61792"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=61792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=61792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=61792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}