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Global markets are navigating two powerful and competing forces: escalating geopolitical tensions in the Middle East and continued investor enthusiasm for artificial intelligence-related stocks. While concerns over renewed conflict between the United States and Iran have boosted oil prices and supported demand for safe-haven assets, the AI-driven technology rally has continued to push stock markets higher, particularly in Asia.

What Happened

Oil prices rose for a third consecutive session on Wednesday after fresh hostilities emerged in the Gulf region. Brent crude climbed 1% to $94.74 per barrel as hopes for a quick resolution to tensions between Washington and Tehran faded.

The U.S. military reported that Iranian missile attacks targeting Bahrain, Kuwait and other regional locations were either intercepted or failed. The developments came after negotiations aimed at ending the conflict between the United States and Iran stalled despite both sides announcing a tentative agreement last week.

Meanwhile, financial markets showed mixed reactions. U.S. stock futures were largely unchanged, while European futures edged lower. In Asia, however, technology shares continued their strong advance, helping stock indexes in Japan and Taiwan reach record highs.

Why Markets Are Reacting to Middle East Risks

Investors had previously expected the United States and Iran to formalize an agreement that would reduce regional tensions and ease concerns about energy supplies. The lack of progress in negotiations has instead revived fears of a prolonged conflict that could disrupt oil shipments from the Gulf, a critical region for global energy markets.

Higher oil prices typically reflect concerns about potential supply disruptions. The latest military developments prompted traders to unwind some of their earlier bets on a diplomatic breakthrough, contributing to the rise in crude prices.

Currency markets also reflected growing caution. The U.S. dollar strengthened against the Japanese yen, briefly touching the closely watched 160 level before retreating amid concerns that Japanese authorities could intervene to support their currency.

AI Stocks Continue to Defy Market Uncertainty

Despite geopolitical concerns, enthusiasm surrounding artificial intelligence remained a major driver of equity markets. Wall Street indexes posted modest gains on Tuesday, supported by technology shares.

Chipmaker Marvell Technology surged more than 32% after Nvidia chief executive Jensen Huang described the company as a potential trillion-dollar business. Investor optimism surrounding AI also helped propel SoftBank Group above Toyota Motor Corporation as Japan’s most valuable listed company.

The AI boom has continued to attract investment even as broader markets grapple with geopolitical uncertainty and concerns about interest rates.

What Comes Next

Investors are now closely watching upcoming U.S. economic data, including services sector activity, private payroll figures and Friday’s employment report. Strong labor market data could reinforce expectations that the Federal Reserve will keep interest rates higher for longer or even consider further increases.

Bond markets remained relatively stable, while traders adjusted expectations from potential rate cuts earlier in the year to the possibility of additional rate hikes. Markets have also priced in the likelihood of monetary tightening in Europe and Japan.

At the same time, developments in the Middle East remain a key risk factor. Any further escalation between the United States and Iran could push oil prices higher and increase volatility across global financial markets, while continued strength in AI-related stocks may help support broader equity markets despite geopolitical headwinds.

With information from Reuters.

WARNING CONTAINS SPOILERS: Prey originally aired on ITV in 2014 and starred John Simm and Rosie Cavaliero as two detectives

British crime thriller Prey has finally landed on Netflix and is already one of the most-watched shows.

*Warning contains spoilers* Prey originally aired on ITV from 2014 to 2015. The two-season thriller follows two criminal cases involving police officers in the Manchester area, with DS Susan Reinhart (Rosie Cavaliero) investigating both.

Grace icon John Simm stars in the first season as DC Marcus Farrow. The detective found himself in a tight spot when his ex-wife and sons were brutally murdered, and all of the criminal evidence points to him.

He is able to flee when the police van transporting him crashes, and Farrow runs off so he can find out who really murdered his family.

After taking the investigation into his own hands, Farrow discovers that it was DS Reinhardt’s boss, DCI Andrea MacKenzie (Anastasia Hille), who had been responsible for their deaths.

Life on Mars actor Philip Glenister leads the cast in the second season as he plays prison officer David Murdoch.

When Murdoch accompanies inmate Jules Hope (MyAnna Buring) on a routine hospital visit, he receives a call informing him his pregnant daughter Lucy (Sammy Winward) has been kidnapped, and he must follow the captors’ orders if he wants her to live.

Prey features a wealth of acting talent across the two seasons, including EastEnders’ Heather Peace, Doctor Strange’s Benedict Wong, Adrian Edmondson, Harry Potter’s Ralph Ineson, and Line of Duty’s Craig Parkinson.

At the time of writing, Prey is currently in the #5 position in Netflix’s UK TV chart, according to FlixPatrol. On Rotten Tomatoes, the series is also rated 100% on the Tomatometer.

The series has proved a hit with viewers, with many taking to IMDb to share their thoughts. “Great series, worth the time and a good binge watch – Brits do it best!” penned one viewer.

Another said, “I can’t believe that I just found this gem. Outstanding acting from virtually everyone, non-stop action, great storyline. Every character is so believable, so real. Three episodes, so well done!”.

Elsewhere, another fan wrote: “Absolutely loved this action packed thriller” to which a different account added: “Although John Simm is excellent in every role he plays I really thought this was one of the best.”

Prey seasons one and two are available to watch on Netflix