Struck Qatari Ship Underpins Oil and Gas Prices, While Strong Samsung Earnings Fail to Stem Chip and AI Profit-Taking
Marc Chandler
July 07, 2026
The fragility of the ceasefire in the Middle East was driven home today by the strike on a Qatari LNG ship in the Strait of Hormuz today. Oil and gas prices are higher. Samsung earnings failed to deter profit-taking, which weighed on chip and AI equity names. Still, the South Korean wan jumped 1% to a two-week high as SK Hynix prepares to sell Ame…
Struck Qatari Ship Underpins Oil and Gas Prices, While Strong Samsung Earnings Fail to Stem Chip and AI Profit-Taking
Reviewed by Marc Chandler
on
July 07, 2026
Rating:
Reviewed by Marc Chandler
on
July 07, 2026
Rating:
