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Updated · The Wall Street Journal · Apr 13US Stocks Hold Firm as Oil Surges and Blockade Escalates Tensions
28 articles · Updated · The Wall Street Journal · Apr 13
- US stocks steadied on Monday despite oil prices hovering near $100 per barrel amid a US naval blockade of Iranian ports.
- Investors remained cautious as ceasefire talks with Iran failed, but hopes for renewed negotiations limited equity market losses.
- Rising oil and fuel prices raised inflation concerns, while technology shares led gains and banks faced mixed earnings results.
With peace talks restarting, what new leverage does Iran now hold over the global economy? How will the disruption of fertilizer shipments through Hormuz affect global food prices later this year? Could this oil shock trigger a 'sequencing trap,' forcing a recession before the Federal Reserve can react? Can Iran’s arsenal of 6,000 naval mines successfully challenge the US blockade of the Strait of Hormuz? How will the new Hungarian government's pro-EU stance impact relations with the Trump administration? Will Palantir’s new $1 billion government contract solidify its central role in US national security?