local
World shares are mixed and oil prices slip after Iran and US launch fresh attacks
By Chan Ho-Him, Associated Press at KSAT 12 (ABC affiliate)
· July 9, 2026
· 2 min read
World shares were mixed and oil prices slipped on Thursday as conflict escalated in the Middle East, with Iran and the U.S. launching fresh attacks.U.S. futures were little changed. The United States launched more airstrikes on Iran, and Iran responded by firing at Bahrain, Kuwait and Qatar, a da...
Key takeaway The United States launched more airstrikes on Iran, and Iran responded by firing at Bahrain, Kuwait and Qatar, a day after U.
Why this matters in The San Antonio
San Antonio 's economy, heavily reliant on the automotive and manufacturing industries, may feel the ripple effects of the escalating conflict in the Middle East. With oil prices slipping, local gas stations and consumers may see a temporary reprieve in fuel costs, but the uncertainty surrounding the conflict could lead to market volatility. This, in turn, may impact the city's major employers, such as Toyota and other manufacturers that rely on stable oil prices and global trade. As the situation unfolds, San Antonio business leaders and residents will be watching closely to see how the conflict affects the local economy, particularly in industries that are heavily dependent on international trade and oil prices. The city's proximity to major oil refineries and pipelines also makes it vulnerable to fluctuations in the energy market, adding to the local stakes in the ongoing conflict.
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 9, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? World shares were mixed and oil prices slipped on Thursday as conflict escalated in the Middle East, with Iran and the U.S. launching fresh attacks.U.S. futures were little changed. The United States launched more airstrikes on Iran, and Iran responded by firing at Bahrain, Kuwait and Qatar, a da...
When was this published? This article was first published on July 9, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Chan Ho-Him, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
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