{"id":760621,"date":"2026-07-13T16:00:10","date_gmt":"2026-07-13T16:00:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/760621\/"},"modified":"2026-07-13T16:00:10","modified_gmt":"2026-07-13T16:00:10","slug":"trump-reinstates-iran-port-blockade-and-imposes-20-charge-on-cargo-passing-through-hormuz","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/760621\/","title":{"rendered":"Trump reinstates Iran port blockade and imposes 20% charge on cargo passing through Hormuz"},"content":{"rendered":"

US stock markets fall as conflict fuels inflation fearspublished at 16:40 BST<\/p>\n

16:40 BST<\/p>\n

\"\"Michael Race
Business and economics reporter<\/p>\n

US stock markets have fallen in morning trading on Monday as
\ninvestors react to the escalating situation in the Middle East.<\/p>\n

All three of the main indexes, the Dow Jones, Nasdaq and S&P
\n500, are down amid fears of inflation, with oil prices climbing more than 4% to
\naround $79 (\u00a359) a barrel for Brent crude, the global benchmark.<\/p>\n

The US and Iran renewed attacks over the weekend and Tehran said it had
\nclosed the Strait of Hormuz, a key waterway used in global trade. <\/p>\n

However,
\nPresident Trump says the strait will remain open and that he will reinstate a
\nblockade on Iranian ports, which he claims will stop “Iran’s ships or customers from
\nentering or leaving”, but be open for other countries which will be
\nrequired to pay a 20% cargo charge.<\/p>\n

Concerns over global oil supplies since the outbreak of the war
\nhave led to prices becoming volatile. While they have risen on the latest news,
\nthey remain well below where they were in May. <\/p>\n

The US stock markets are also being affected by a tough start to
\nthe month for technology and microchip firms, with investors continuing to grapple over high valuations and concerns of an AI bubble. Shares in Nvidia,
\nSpaceX and Intel were all in the red in early trading.<\/p>\n","protected":false},"excerpt":{"rendered":"US stock markets fall as conflict fuels inflation fearspublished at 16:40 BST 16:40 BST Michael RaceBusiness and economics…\n","protected":false},"author":2,"featured_media":760622,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,3,21,19,22,20,25,24],"class_list":["post-760621","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-news","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/760621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=760621"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/760621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/760622"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=760621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=760621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=760621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}