Oil prices leap and stocks fall amid US-Iran strikes over Hormuz
- Posted on July 13, 2026
- By The Guardian
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- 1 min read
Geopolitical tensions between the United States and Iran escalate dramatically, triggering significant market volatility across global financial sectors. Brent crude oil surges nearly 5% as traders react to increased conflict risk near the strategically critical Strait of Hormuz, a vital chokepoint for global energy supplies. Meanwhile, Asian equity markets experience notable declines, with semiconductor manufacturers like SK Hynix facing substantial pressure. This downturn reflects investor concerns about potential supply chain disruptions and economic slowdown stemming from elevated oil prices and regional instability.
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