Major Indexes Drop as Chip Stocks Fall; Oil Prices Rise Amid Trump's Strait of Hormuz Blockade Announcement

On July 13, 2026, major U.S. stock indexes closed lower due to declines in chip stocks like SK Hynix and Micron Technology. Meanwhile, oil prices surged after former President Donald Trump announced the reinstatement of a blockade on Iranian ships at the Strait of Hormuz.

By Aaron Rennie Mon, July 13, 2026 at 1:39 PM GMT+3 14 min read · Yahoo Finance · July 13, 2026, 10:39 UTC

Tickers: $MU $SKHYV $SNDK $STX $WDC

Topics: chip stocks drop geopolitical tensions market decline oil prices surge

Read the full article at Yahoo Finance

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