Shares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel

Summary by The San Antonio Editorial Desk · Based on reporting by Elaine Kurtenbach, Associated Press, KSAT 12 (ABC affiliate) · July 24, 2026 · 4 min read

Shares skidded Friday in Asia after Brent crude shot to its highest price since May as heavy fighting in the Middle East again threatened to slow the global flow of oil and gas. U.S. futures were little changed after tumbles for two of Wall Street’s most influential companies, Alphabet and Tesla ...

Why this matters in The San Antonio

San Antonio's economy, heavily reliant on the energy industry, may feel the ripple effects of the recent surge in Brent crude prices. As the global flow of oil and gas is threatened by heavy fighting in the Middle East, local businesses and residents can expect to see potential increases in fuel costs and other energy-related expenses. The city's refineries and pipelines, which play a crucial role in the regional energy infrastructure, may also be impacted by the uncertainty in the global oil market. Furthermore, the tariffs imposed by the US President on imports from 60 trading partners could affect San Antonio's trade relationships and economy, given the city's position as a major hub for international trade. As the situation continues to unfold, San Antonio residents and businesses should keep a close eye on the developments in the global oil market and their potential impact on the local economy.

About this story

Original reporting by KSAT 12 (ABC affiliate). The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page.

For the complete original report, visit KSAT 12 (ABC affiliate). Have a tip or correction? Contact our newsroom.

Category: local · Published: July 24, 2026 · Source: KSAT 12 (ABC affiliate) · Reading time: 4 min

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This article was first published on July 24, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.

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Summary created by	The San Antonio Editorial Desk — automated, rule-governed
Original reporting	Elaine Kurtenbach, Associated Press, KSAT 12 (ABC affiliate)
Original story	Read at the source
Source published	Jul 24, 2026
Indexed here	Jul 24, 2026
AI assistance	Automated summary drawn from the source’s own published text
Prepublication human review	No — editorial rules, flagged-item review, and published samples

Shares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel

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