SECURITYJul 13 · 18:30 UTCQUARTZCris Tolomia

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

Oil prices surged as Brent crude climbed above $82 a barrel following Trump's declaration of the U.S. as the 'Guardian of the Hormuz Strait'. AI stocks declined amid renewed fighting that slowed tanker traffic through the strait.

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Donald TrumppersonIranplaceU.S.organizationHormuz StraitplaceBrent crudetopicAI stockstopic

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