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Oil is surging and AI stocks are sinking as Trump reinstates the Iran blockade

Brent crude climbed above $82 a barrel Monday after Trump declared the U.S. "Guardian of the Hormuz Strait" and renewed fighting slowed tanker traffic to a trickle

Oil is surging and AI stocks are sinking as Trump reinstates the Iran blockade

Published July 13, 2026 · Category: Markets

Overview

Brent crude climbed above $82 a barrel Monday after Trump declared the U.S. "Guardian of the Hormuz Strait" and renewed fighting slowed tanker traffic to a trickle

Source

Originally published at qz.com.

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