Oil prices spike on fresh U.S.-Iran attacks, tech hammers on stocks again
Global oil prices surged following renewed military hostilities between the U.S. and Iran in the Strait of Hormuz. The conflict has also triggered a sell-off in technology stocks as investors fear rising inflation and interest rates.
Why it matters
Escalating conflict in a major oil transit route poses a significant risk to global economic recovery and market stability.
Oil prices jumped more than 4% on Monday (July 13, 2026) after another flare-up between the United States and Iran that threatened their already fragile truce, while South Korean stocks plunged as tech firms were hit by a fresh rout.
The article focuses on market reactions and geopolitical events using objective reporting.
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