BUSINESSJul 13 · 15:09 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

Oil prices rise following the latest fighting in the Middle East, as AI stocks sink

Oil prices increased due to fighting in the Middle East, particularly affecting the Strait of Hormuz, while AI-related stocks like Micron Technology and Nvidia declined amid concerns over demand sustainability. President Donald Trump proposed a 20% toll on cargo through the strait.

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Middle EastplaceUnited StatesplaceIranplaceStrait of HormuzplaceMicron TechnologyorganizationNvidiaorganizationAItopicDonald Trumpperson

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