# World shares retreated and oil prices fell back Friday as the fragile ceasefire with Iran was strained by missile and drone attacks.

*fintech · news · 2026-05-08 · The Atlanta Journal-Constitution*

## Key points

- U.S. retaliatory strikes targeted Iranian military facilities after missile and drone attacks.
- Tehran is still evaluating the latest U.S. proposals for ending the ongoing war.
- Brent crude prices are now near $100 per barrel, up from $70 before the Iran war.
- The Strait of Hormuz remains largely closed, with a U.S. sea blockade on Iranian ports continuing.
- UAE air defenses are actively intercepting missile and drone attacks as regional tensions escalate.

**Companies:** SoftBank Group, Whirlpool, Shake Shack, McDonald's
**Countries:** United States, Iran, United Arab Emirates, South Korea, Australia, Taiwan, India, United Kingdom, Germany, France, Japan

[Read the full story on The Atlanta Journal-Constitution](https://www.ajc.com/news/2026/05/asian-stocks-fall-and-oil-prices-climb-after-attacks-imperil-the-ceasefire-with-iran/)

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