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macroJul 13, 2026, 6:34 PM

Trump Effect: Oil Rises, Stocks Fall as Iran Tensions Escalate

Tensions between the US and Iran escalate on Monday. Donald Trump announces a naval blockade in the Strait of Hormuz and a 20% fee on cargo shipped through it, pushing oil prices higher and stock markets lower.

CLSPX

Oil prices moved higher on Monday while stock markets declined as geopolitical tensions between the US and Iran intensified. According to the report, US President Donald Trump said Washington is reinstating a naval blockade in the Strait of Hormuz and will impose a 20% fee on all cargo passing through the strategic waterway.

The Strait of Hormuz is a vital chokepoint for global oil shipments, and the blockade is expected to disrupt supply, supporting crude prices. Meanwhile, risk-off sentiment weighed on equities, sending stock indices lower.

Source: FXStreet Forex News