Oil prices leap and stocks fall amid US-Iran strikes over Hormuz
Brent crude jumps nearly 5% and Asian markets drop, with chipmakers including SK Hynix among hardest hit
https://www.theguardian.com/business/live/2026/jul/13/oil-price-jumps-gold-slides-us-iran-trade-attacks-live-news-updates">Business live – latest updates
Oil prices jumped and stocks fell after thehttps://www.theguardian.com/world/2026/jul/13/us-iran-war-missile-strikes-news-attacks-strait-of-hormuz"> US launched a fresh wave of attacks against Iran amid an escalating standoff over the strait or Hormuz.
Brent crude, the international benchmark for oil prices, rose 4.7% to $79.59 a barrel.
Asian stock markets dropped sharply, with South Korea’s Kospi down 8% and Japan’s Nikkei 225 and China’s Shanghai Composite 2% lower.
https://www.theguardian.com/business/2026/jul/13/oil-prices-leap-stocks-fall-us-iran-strait-of-hormuz-brent-crude-markets">Continue reading...US-Iran Strikes Escalate, Hormuz Control Disputed
- U.S. launches airstrikes against Iran after Tehran attacks container ship in Hormuz, Pentagon says CNBC —
- West Asia war LIVE: U.S. launches strikes on Iran after attack on civilian vessel in Strait of Hormuz The Hindu —
- U.S. launches new strikes on Iran as standoff threatens chronic Persian Gulf oil instability Seeking Alpha —
- US launches new strikes on Iran after container ship hit in Hormuz; IRGC announces closure of vital strait Dawn —
- US attacks Iran over ship being hit in Strait of Hormuz; Tehran lashes out again at Gulf Arab states Korea Times —