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Markets caught between Mideast worries and AI optimism

News | 2026/08/18 01:13

Markets caught between Mideast worries and AI optimism

Trump threatens Oman, while Nvidia funds new AI center

The situation in the Middle East continues to raise concerns as the U.S.-Iran conflict enters its sixth month. U.S. President Donald Trump has threatened Oman if it interferes with his plans, leading to a rise in oil prices.

These developments have spooked the markets, with oil prices climbing again. The international benchmark Brent rose 2.7% to settle at $90.87, while U.S. West Texas Intermediate gained 2.6% to close at $84.50.

Meanwhile, in the tech sector, Nvidia has announced it will provide up to $105 billion in financing for a new AI data center for OpenAI in Ohio.

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