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Stocks fall and oil nears $80 as Trump blocks Strait of Hormuz, raising energy fears and tech jitters.

Market News
13 Jul 2026
New York Post
View Source
Bearish
pluang ai news

Stocks dropped and oil prices surged near $80 a barrel after President Trump announced a blockade and tolls on the Strait of Hormuz, escalating tensions with Iran. The Dow fell 152 points, with tech and chipmaker stocks leading declines amid concerns of an overheated AI sector. Oil prices rose sharply due to fears of prolonged energy supply disruptions. Experts expect continued market volatility, especially in tech, as investors weigh current earnings against heavy AI investments and geopolitical risks.

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