Dow Jones Top Markets Headlines at 3 AM ET: Oil Prices Climb on Renewed Supply Disruption Fears as U.S., Iran Exchange Fire | U.S. ...

Oil prices rose in Asia as renewed supply-disruption fears intensified following a U.S.–Iran exchange of strikes, described as the strongest escalation since a June memorandum aimed at ending the conflict. The market backdrop also weighed on U.S. equities, which retreated as investors rotated away from increasingly volatile artificial-intelligence exposure after Samsung Electronics’ earnings report and amid renewed Hormuz Strait disruptions. Beyond energy and equities, the newswire highlighted attention on Federal Reserve minutes for June policy, with investors watching whether Chair Kevin Warsh would extend a more streamlined communication style. New Zealand’s central bank raised rates on Wednesday in a tentative attempt to curb inflation risks. The roundup also cited a drop in Micron shares tied to questions about whether the memory market is nearing a peak and noted private-equity firms sitting on a nine-year backlog in efforts to exit software holdings. In trade data, U.S. exports fell 3.2% in May as imports of AI components rose.