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Markets

Oil Spike Sends Stock Futures Lower as Gold Tumbles and the 10-Year Yield Nears 5.21%

Brent pushed above $107 a barrel after President Trump rejected Iran's conditional offer to reopen the Strait of Hormuz, pulling equity futures down and lifting the VIX close to 10%.

ME

By Marcus Elrod

Sep 28, 2026 · 5 min read

U.S. stock index futures pointed lower before Monday's opening bell as a renewed surge in crude oil prices revived the geopolitical risk premium that markets had spent much of last week discounting.

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Marcus Elrod

Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.

Marcus Elrod writes for Corporate Insider Inc.

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