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US-Iran Clashes Send Stocks & Bonds Lower, Oil Higher | Closing Bell
Posted
July 13, 2026
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10:30Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
A standoff between the US and Iran lifted oil prices, with stocks joining bonds lower after clashes over the Strait of Hormuz raised concerns about a disruption in energy supplies that could fuel inflation.
Those worries halted back-to-back gains in the S&P 500, which also fell amid a chipmaker rout. Brent crude topped $83 as President Donald Trump said the US would restart a blockade on Iranian ships transiting Hormuz and charge all other cargo moving through the waterway. Money markets priced in about 50% odds of a Federal Reserve hike in July as Governor Christopher Waller said officials may need to raise rates to tame price pressures.
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