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Stocks, Bonds Fall as US-Iran Risks Whipsaw Oil | Closing Bell
Posted
July 20, 2026
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July 20, 2026
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10:27Now PlayingComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Sally Bakewell, Carol Massar and Tim Stenovec.
A renewed bout of oil volatility sent stocks lower, with concerns about an escalation in Middle East hostilities outweighing attempts to bring about a pause in the war.
Most shares in the S&P 500 retreated, though a gauge of chipmakers bounced after sinking into a bear market. In a volatile session, US crude settled near $83. Worries that higher energy costs could boost inflation spurred bond losses. Gilts sank after new UK Prime Minister Andy Burnham unnerved investors over his approach to the country’s finances. President Donald Trump vowed that Iran “will pay” for killing three US soldiers in recent days, even as mediators proposed a new truce. Tensions remained high as Tehran-backed Houthi militants in Yemen threatened to blockade Saudi Arabia in the Red Sea.
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