Stocks fall and oil prices rally, while government bond yields rise, after US and Iranian forces renewed exchanges of heavy missile and drone assaults, with Tehran saying it had again closed the vital Strait of Hormuz.
Oil added to its gains after US President Donald Trump responded with an announcement that the US was reinstating a naval blockade on Iran, and would be reimbursed 20 percent on all cargo shipped through the strait.
On Wall Street at 11:43 a.m. ET (6:43 p.m. Israel time), the Dow Jones Industrial Average fell 106.72 points, or 0.2%, to 52,530.29, the S&P 500 was down 30.60 points, or 0.4%, and the Nasdaq Composite fell 247.59 points, or 0.94%.
In energy markets, oil prices rise more than 4% after Trump’s comments reignited concerns over energy shipments.
Meanwhile, US Treasury yields rise as intensifying hostilities between the US and Iran fan concerns about inflation pressures and their impact on Federal Reserve monetary policy.
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From the Liveblog of
Monday, July 13, 2026
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