World Markets Rattled: Stocks Slide as Oil Surges on Trump’s Hormuz Levy Threat
Posted on July 14, 2026
Markets got another gut-punch on Tuesday. President Trump said the US was bringing back its blockade on Iranian shipping and, on top of that, tacking on a 20% fee for any cargo trying to move through the Strait of Hormuz. Oil jumped to a one-month high within minutes. Stocks everywhere from Tokyo to New York […]