Oil Hits $80 as US Blockade Sparks Stock Drop
Part of composite article Oil Prices Surge Past $78 as U.S.-Iran Showdown Threatens to Shut Down the Strait of Hormuz View full article →
Stocks fell on Monday as investors reacted to rising tensions in the Middle East. President Donald Trump reinstated a US blockade of Iranian ships in the Strait of Hormuz, a key shipping route. The move pushed oil prices above $80 a barrel.