Market Report - US Close

US close: Stocks lower as oil spikes on Trump's Hormuz blockade claim

By Iain Gilbert

Date: Monday 13 Jul 2026

(Sharecast News) - Major indices closed lower on Monday after Donald Trump said he was reinstating what he described as a blockade on Iranian shipping through the Strait of Hormuz, sending oil prices sharply higher.
At the close, the Dow Jones Industrial Average was down 0.26% at 52,498.64, while the S&P...

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