{"id":71253,"date":"2026-09-01T14:08:16","date_gmt":"2026-09-01T18:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/oil-surges-past-90-as-u-s-launches-retaliatory-strikes-on-iran-apple-names-new-ceo\/71253\/"},"modified":"2026-09-01T14:08:16","modified_gmt":"2026-09-01T18:08:16","slug":"oil-surges-past-90-as-u-s-launches-retaliatory-strikes-on-iran-apple-names-new-ceo","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/oil-surges-past-90-as-u-s-launches-retaliatory-strikes-on-iran-apple-names-new-ceo\/71253\/","title":{"rendered":"Oil Surges Past $90 as U.S. Launches Retaliatory Strikes on Iran; Apple Names New CEO"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. Oil (WTI) topped $90 a barrel<\/strong> for the first time since late July as military exchanges between the U.S. and Iran escalated in the <strong>Strait of Hormuz<\/strong>.<\/li>\n<li><strong>President Donald Trump<\/strong> warned of an even larger attack &quot;waiting in the wings&quot; that would leave &quot;very little left&quot; of Iran if the &quot;failed nation&quot; retaliates for recent U.S. strikes.<\/li>\n<li><strong>Iran&#39;s Tasnim News Agency<\/strong> reported that Tehran will deliver a response &quot;<strong>several times larger<\/strong>&quot; than the U.S. attacks, specifically targeting U.S. bases and regional interests.<\/li>\n<li><strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> officially transitioned to new leadership as <strong>John Ternus<\/strong> took over as CEO, sending his first memo to employees teasing a &quot;phenomenal&quot; iPhone launch next week.<\/li>\n<li><strong>The U.S. House of Representatives<\/strong> is moving toward a high-stakes vote on a <strong>Continuing Resolution (CR)<\/strong> to avert a government shutdown scheduled for September 30.<\/li>\n<\/ul>\n<h2>Middle East Conflict Escalates; Oil Prices React<\/h2>\n<p>Global energy markets are on edge as <strong>U.S. <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">West Texas Intermediate<\/a> (WTI)<\/strong> crude futures climbed above <strong>$90 per barrel<\/strong> following a fresh wave of U.S. military strikes against <strong>Islamic Revolutionary Guard Corps (IRGC)<\/strong> targets. The <strong>U.S. Central Command (CENTCOM)<\/strong> confirmed the strikes were in retaliation for Iranian attempts to plant sea mines in the <strong>Strait of Hormuz<\/strong> and a recent missile attack on a U.S. base in <strong>Jordan<\/strong>.<\/p>\n<p><strong>President Donald Trump<\/strong> took to <strong>Truth Social<\/strong> to characterize the strikes as &quot;large and powerful,&quot; asserting that the U.S. has zero tolerance for further Iranian aggression. He warned that any retaliation would be met with a response at a &quot;<strong>much harder and higher level<\/strong>,&quot; threatening the very existence of the Islamic Republic. Meanwhile, Iranian state media reported that four projectiles struck areas in southeastern <strong>Chabahar<\/strong> and <strong>Konarak<\/strong>, with local officials currently assessing the damage.<\/p>\n<h2>Apple Enters the &#39;Ternus Era&#39;<\/h2>\n<p>In a historic shift for the world&#39;s most valuable company, <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> officially saw <strong>John Ternus<\/strong> step into the CEO role today, succeeding <strong>Tim Cook<\/strong>, who has transitioned to Executive Chairman. In his first internal memo to staff, Ternus praised Cook\u2019s 15-year legacy and expressed immense excitement for the company\u2019s &quot;Surprise and Shine&quot; event scheduled for next week.<\/p>\n<p>Ternus teased that the upcoming <strong>iPhone<\/strong> launch will be &quot;phenomenal&quot; and hinted at a robust pipeline of &quot;incredible products already in the works.&quot; Analysts are closely watching how Ternus, an engineer by trade, will steer the tech giant&#39;s hardware strategy as it faces increasing competition and regulatory scrutiny globally.<\/p>\n<h2>Nuclear Concerns and Diplomatic Maneuvers<\/h2>\n<p>The <strong>International Atomic Energy Agency (IAEA)<\/strong> released a report today highlighting &quot;proliferation concerns&quot; regarding missing Iranian <a href=\"https:\/\/stockmarketwatch.com\/metal\/uranium\" data-internallinksmanager029f6b8e52c=\"13\" title=\"Uranium\">uranium<\/a>. While estimates of Iran&#39;s enriched uranium stocks remain unchanged since June 2025, the agency noted that its inability to verify the status of these materials poses a significant risk.<\/p>\n<p>On the diplomatic front, reports from <strong>Vesti<\/strong> suggest a potential trilateral meeting between <strong>President Trump<\/strong>, Russia\u2019s <strong>Vladimir Putin<\/strong>, and China\u2019s <strong>Xi Jinping<\/strong> at the upcoming <strong>APEC Summit<\/strong>. Such a meeting would be the first of its kind in years, potentially addressing the spiraling conflict in the Middle East and ongoing trade tensions.<\/p>\n<h2>Domestic Fiscal Deadlines<\/h2>\n<p>Back in Washington, the <strong>House of Representatives<\/strong> is beginning a critical series of votes to prevent a federal government shutdown. <strong>Speaker Mike Johnson<\/strong> is pushing for a <strong>Continuing Resolution (CR)<\/strong> that would fund the government through early December, effectively punting the fiscal battle past the upcoming midterm elections. Market participants are monitoring the vote closely, as a failure to secure funding could introduce further volatility into an already sensitive economic environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. Oil (WTI) topped $90 a barrel for the first time since late July as military exchanges between 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