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The Nexus
BUSINESSJul 13 · 17:04 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 rose following Middle East fighting, with Brent crude increasing 5.2% to $79.98 after President Donald Trump reinstated a blockade on Iranian ships in the Strait of Hormuz. AI stocks declined, with Micron Technology and Nvidia losing 5.2% and 2.8% respectively, as concerns over unsustainable demand and market corrections emerged.

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United StatesorganizationIranorganizationStrait of HormuzplaceBrent crude oiltopicMicron TechnologyorganizationNvidiaorganizationSK HynixorganizationArtificial Intelligencetopic
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