JTJohn Towfighi

1. Article · Sep 10, 2026 · John Towfighi, Matt Egan

   Global oil hits $108 per barrel while bond yields surge (opens the original)

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   (CNN) — Oil prices surged Thursday, with Brent crude hitting $108 per barrel for the first time since May, as traders brace for a more prolonged supply shock caused by the Iran war. Oil prices have climbed back above the $100 per barrel mark this week as fighting in the Straight of Hormuz and Red Sea has intensified. The US and Iran have traded strikes, while the Iran-backed Houthis have attacked Saudi Arabia and ignited tensions in the Bab al-Mandab Strait. Brent crude, the global oil benchma

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2. Article · Aug 4, 2026 · John Towfighi, CNN

   The S&P 500 is back at a record high and the Dow just hit 54,000 (opens the original)

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   New York (CNN) — The S&P 500 closed at a record high Tuesday, supported by strong corporate earnings, a rebound in tech shares and traders embracing hopes for progress on reopening the Strait of Hormuz. The S&P 500 surged 1.79% to close at 7,737 points, its first record high in two months. The index surpassed its previous closing peak set in early June. The Dow soared more than 900 points, or 1.71%, and closed above 54,000 points for the first time ever. The blue-chip index notched back-to-bac

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