# Oil prices saw significant fluctuations on Thursday, initially soaring to their highest levels since the conflict with Iran began.

*business · news · 2026-04-30 · Devdiscourse*

## Key points

- Oil prices briefly hit $114.70 per barrel, their highest since the Iran conflict began.
- Alphabet shares surged 7.3% on strong profits attributed to investments in artificial intelligence.
- Meta Platforms' stock dropped 9.4% due to an increased 2023 capital expenditure forecast.
- Despite high oil prices, S&P 500 companies posted stronger-than-expected profits for early 2026.

**Companies:** Alphabet, Meta Platforms, Microsoft
**Countries:** United States, Iran

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/business/3892564-oil-market-turbulence-amid-strong-corporate-profits-a-stock-market-overview)

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