Retraction. Starting in June 2026, The Fold published a storyline reporting that Iran's Supreme Leader Ali Khamenei was assassinated on February 28, that his son Mojtaba Khamenei was installed as his successor, and that a US-Iran war, ceasefire, and Doha diplomatic process followed — including in this article. We have found no independent, verifiable reporting supporting these specific claims. The storyline originated as an error in our automated drafting process: an early chapter generated these details without a real source, and later chapters treated the invented premise as established fact instead of catching the error. We do not have independent knowledge of Mr. Khamenei's actual status and are not asserting an alternative account — we are withdrawing our own reporting because we cannot stand behind it. See our corrections log.
Storyline 13 chapters

Oil & Equities

June 2 – June 28, 2026 Updated Jun 28

Every published chapter of The Fold's coverage of Oil & Equities, in one place — oldest to newest, updated as the story develops.

Market News

Oil climbs and stocks waver as Iran strikes Gulf neighbours

Crude prices rose and US equities were mixed after Iran fired on Kuwait and Bahrain and American forces struck targets in Iran. West Texas Intermediate climbed toward $96 a barrel and Brent neared $98, reviving the Gulf risk premium.

Market News

Oil jumps and Wall Street steadies as Israel-Iran strikes rattle markets

Oil prices rose Monday after Israel and Iran exchanged strikes, with Brent briefly topping $98 a barrel overnight. U.S. stocks were mixed: the S&P 500 added 0.3% and the Nasdaq 0.9% as chip stocks rebounded, while the Dow slipped.

Market News

Oil pulls back as Iran and Israel halt strikes; chip rebound steadies stocks

Crude prices retreated on Tuesday, with Brent slipping below $93 a barrel, after Iran and Israel said they had stopped trading strikes. The easing followed Monday's spike, when WTI jumped 3.3% to $93.93 as the two sides exchanged fire.

Market News

Stocks slide and oil nears $90 as hot CPI lands amid fresh US-Iran strikes

The S&P 500 fell about 0.5% and the Nasdaq led losses Wednesday as a 4.2% inflation print and overnight US-Iran strikes sent crude toward $90 a barrel.

Market News

ECB raises rates for first time since 2023 as war inflation bites; stocks edge higher

The European Central Bank lifted its deposit rate to 2.25% as Iran-war energy costs pushed eurozone inflation to 3.2%, while US stocks rose and oil swung around $90 a barrel.

Market News

Oil sinks to a two-month low as stocks extend rally on US-Iran deal hopes

WTI crude settled at $84.41, down nearly 4%, while the S&P 500 rose 0.5% to 7,431.46 as traders bet a US-Iran memorandum could reopen the Strait of Hormuz.

Market News

Oil sits near two-month low as traders price in a Strait of Hormuz reopening

US crude settled at $84.88 on Friday, its lowest in two months, as the prospect of a signed US-Iran deal reopening the Strait of Hormuz drains the war-risk premium that drove prices toward $100 this spring.

Market News

Stocks rally and oil sinks below $81 as US-Iran deal nears signing

Wall Street opened sharply higher and crude fell more than 5% to its lowest since March after Washington and Tehran confirmed a framework to end their war and reopen the Strait of Hormuz. The S&P 500 rose 1.6% and the Nasdaq jumped 2.5%.

Market News

Oil sinks below $77 and stocks slip as Warsh opens first Fed meeting

WTI crude fell to around $76 a barrel as traders bet a US-Iran deal will let Tehran sell oil again. The S&P 500 and Nasdaq slipped from records as the Fed began its two-day meeting.

Market News

Oil holds near two-month low and stocks steady as Warsh's first Fed meeting looms

US crude held near a two-month low around $77 and stocks were steady Wednesday as investors awaited Kevin Warsh's first rate decision as Fed chair, due at 2 p.m. ET.

Market News

Oil falls below $73 as US license clears the way for Iranian crude

WTI crude slid to around $73 on June 23 after Washington granted Iran a 60-day license to sell oil internationally, reviving expectations of fresh global supply just weeks after a Hormuz scare.

Market News

Wall Street steadies after tech rout as oil slides toward $70

U.S. stocks clawed back ground on Wednesday after a brutal tech selloff, with the S&P 500 up about 0.4% and the Nasdaq up 0.6%, while crude kept falling on easing Middle East risk.

Market News Latest

Oil set to reopen higher as US-Iran strikes shatter Hormuz calm

Crude closed at multi-month lows on Friday — Brent near $74, WTI around $69 — as Strait of Hormuz traffic normalized, but a weekend of US-Iran strikes threatens to reverse the slide when futures reopen and tests a stretched, tech-led equity market.

The week's numbers, checked

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