Stocks Drop As Chipmakers Fall Again; Oil Climbs With Renewed Tensions At The Hormuz Strait
- Posted on July 7, 2026
- By International Business Times
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- 1 min read
Stocks Drop As Chipmakers Fall Again; Oil Climbs With Renewed Tensions At The Hormuz Strait
Stocks dropped on Tuesday as chipmakers tumbled again. Oil climbed following renewed tensions between the U.S. and Iran, with the former revoking a sanctions waiver following Tehran's attacks against ships crossing through the Strait of Hormuz.
