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News 2026-07-13 20:26 UTC

What You Missed On Wall Street On Monday

The major averages closed broadly lower as President Donald Trump said he was reinstating a blockade on Iranian shipping through the Strait of Hormuz, even going so far in a social media post as to call the U.S. the "Guardian of the Hormuz Strait." Oil prices surged after the news, reviving concerns that higher energy

News 2026-07-13 17:48 UTC

Oil Jumps as Trump Says US to Reinstate Blockade of Iranian Shipping in Hormuz

() -- Oil prices were rising Monday as President Donald Trump said the US was reinstating a blockade of Iranian shipping in the Strait of Hormuz amid growing tensions in the Middle East. West Texas Intermediate crude was up 7.4% at $76.72 a barrel in afternoon trade, while Brent gained 7.5% to $81.75. The US and Iran c

News 2026-07-13 16:01 UTC

Midday Fly By: Apple sues OpenAI, MGM in talks with Diller's People

The major averages were broadly lower as rising geopolitical tensions and another bout of semiconductor selling weigh on risk sentiment. President Donald Trump said he was reinstating a blockade on Iranian shipping through the Strait of Hormuz, even going so far in a social media post as to call the U.S. the "Guardian