Oil Prices Surge 10% Amid US-Iran Conflict Escalation
2026-07-14 07:56

Woofun AI reports that US military strikes on Iran and port blockades triggered a 10% surge in oil prices, while Bitcoin dropped over 2% to $62,316. The Nasdaq fell 1.55%, with semiconductor stocks like Nvidia and AMD declining sharply, though Apple rose 0.71% to a new high. Federal Reserve Governor Waller indicated potential monetary tightening if core inflation data shows further overheating.

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