{"id":66266,"date":"2026-08-10T10:08:15","date_gmt":"2026-08-10T14:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/energy-markets-surge-as-iran-tempers-hormuz-reopening-hopes-meta-hits-two-week-high\/66266\/"},"modified":"2026-08-10T10:08:15","modified_gmt":"2026-08-10T14:08:15","slug":"energy-markets-surge-as-iran-tempers-hormuz-reopening-hopes-meta-hits-two-week-high","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/energy-markets-surge-as-iran-tempers-hormuz-reopening-hopes-meta-hits-two-week-high\/66266\/","title":{"rendered":"Energy Markets Surge as Iran Tempers Hormuz Reopening Hopes; Meta Hits Two-Week High"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Energy prices jumped<\/strong> as <strong>Brent crude<\/strong> and <strong>WTI<\/strong> futures rose over <strong>$2 per barrel<\/strong> following Iranian statements that dampened expectations for a swift reopening of the <strong>Strait of Hormuz<\/strong>.<\/li>\n<li><strong>U.S. Natural Gas<\/strong> futures surged <strong>5%<\/strong> to a two-week high, driven by <strong>LNG export flows<\/strong> hitting a one-month peak of <strong>17.9 bcfd<\/strong>.<\/li>\n<li><strong>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>)<\/strong> shares climbed <strong>2.1%<\/strong> to their highest level in two weeks after the company unveiled its new <strong>Muse Glimmer<\/strong> open-weight AI model.<\/li>\n<li><strong>Glencore (<a href=\"\/stock\/GLEN\">GLEN<\/a>)<\/strong> clarified its financial position, stating its exposure to iron ore trader <strong>Radiant World<\/strong> is &quot;well below&quot; the <strong>$500 million<\/strong> materiality threshold.<\/li>\n<li><strong>Wall Street<\/strong> opened nearly flat, with the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPY\">SPY<\/a>)<\/strong> and <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> (<a href=\"\/stock\/DIA\">DIA<\/a>)<\/strong> drifting near all-time highs as investors await upcoming inflation data.<\/li>\n<\/ul>\n<h2>Geopolitical Tensions Drive Crude and Gas Higher<\/h2>\n<p>Oil markets reacted sharply on Monday as <strong>Iran<\/strong> insisted that the <strong>United States<\/strong> must satisfy several demands before the strategic <strong>Strait of Hormuz<\/strong> can be reopened. <strong>Brent crude<\/strong> futures rose toward <strong>$85 a barrel<\/strong>, while <strong>U.S. <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">West Texas Intermediate<\/a> (WTI)<\/strong> crude saw similar gains, reclaiming a significant geopolitical risk premium. <em>Traders are closely monitoring the waterway, which handles approximately one-fifth of global petroleum consumption, as diplomatic efforts between Iran and Oman hit a stalemate.<\/em><\/p>\n<p>Simultaneously, <strong>U.S. natural gas<\/strong> futures extended their recent gains, rising <strong>5%<\/strong> to roughly <strong>$2.79\/MMBtu<\/strong>. The rally is fueled by a surge in <strong>liquefied natural gas (LNG)<\/strong> export flows, which reached a one-month high as global demand for American gas remains robust. <em>The increase in exports is effectively tightening domestic supply, overriding milder weather forecasts in parts of the U.S.<\/em><\/p>\n<h2>Meta Leads Tech Gains with AI Innovation<\/h2>\n<p><strong>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>)<\/strong> outperformed the broader tech sector, with shares rising <strong>2.1%<\/strong> to reach their highest point in fourteen days. The move followed the release of <strong>Muse Glimmer<\/strong>, an &quot;agentic&quot; AI model designed to run on standard consumer hardware like laptops. <em>Investors responded positively to CEO Mark Zuckerberg&#39;s continued push for open-source AI, which the company frames as a strategic counterweight to international rivals.<\/em><\/p>\n<h2>Glencore Addresses Exposure Concerns<\/h2>\n<p>In the commodities sector, <strong>Glencore (<a href=\"\/stock\/GLEN\">GLEN<\/a>)<\/strong> issued a statement to calm market jitters regarding its relationship with <strong>Radiant World<\/strong>. The mining giant clarified that its exposure to the iron ore trader is &quot;not material&quot; and sits significantly below its <strong>$500 million<\/strong> reporting threshold. <em>The clarification follows recent media speculation that had briefly weighed on investor sentiment regarding the firm&#39;s credit risk management.<\/em><\/p>\n<h2>U.S. Equities Open Cautiously Near Records<\/h2>\n<p>The broader U.S. stock market showed little direction at the opening bell, with major indices hovering just below record levels. The <strong>S&amp;P 500 (<a href=\"\/stock\/SPY\">SPY<\/a>)<\/strong> edged down a marginal <strong>2.43 points (0.03%)<\/strong>, while the <strong>Nasdaq Composite (<a href=\"\/stock\/QQQ\">QQQ<\/a>)<\/strong> slipped <strong>0.05%<\/strong>. <em>Market participants are largely in a &quot;wait-and-see&quot; mode ahead of the July Consumer Price Index (CPI) report, which will provide critical signals for the Federal Reserve&#39;s September interest rate decision.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Energy prices jumped as Brent crude and WTI futures rose over $2 per barrel following Iranian statements that [&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":[5393,970,8016,1073,3712,3741,3806,3807,3808,4462,4487],"class_list":["post-66266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-natural-gas","tag-wti","tag-glen","tag-lng","tag-cpi","tag-meta","tag-spy","tag-qqq","tag-dia","tag-brent-crude","tag-strait-of-hormuz"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/66266","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=66266"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/66266\/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=66266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=66266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=66266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}