Chain, Crude & Chips
Chain, Crude & Chips: October 22, 2026
Oil, bitcoin and AI chips in three short updates.
Crude: Brent settles up 4% at $113.17
Brent settled up 4% at $113.17 a barrel, its highest since May, after more Houthi attacks in Saudi Arabia and Iran's claim that seven tankers were damaged in the Strait of Hormuz. U.S. crude traded near $99, up about 2%. See our Brent story.
Chain: bitcoin slumps below $82,000
Bitcoin fell about 3% to near $81,400 as the AI stock selloff and rising oil prices pushed investors out of risk assets.
Chips: chip index sinks more than 6%
The main chip index fell more than 6%, with Nvidia and Intel among the big AI names selling off and data-center provider CoreWeave down 10%. See our midday market story and the Dusk Ledger.
