1. Oil prices surged sharply by up to 7%, driven by geopolitical tensions over Trump's rejection of an Iranian proposal and EIA data showing record U.S. crude exports and a stockpile decline.
2. Semiconductor and storage stocks rallied, led by NXP Semiconductors which jumped over 20% after releasing a strong Q2 revenue forecast.
3. The U.S. Dollar strengthened past the psychological 160 level against the Japanese Yen, reaching its highest point since March 30 and drawing attention from the forex market.
Oil Surges on Geopolitics, Chip Stocks Rally, & USD/JPY Hits 160
