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Sky News Australia 13 Jul 2026 8 here now

Trump’s decision to reimpose Iran blockade sends US markets falling and oil prices surging

CommSec’s James Gruber has analysed markets on Wall Street following US President Donald Trump’s announcement that America’s blockade of Iranian shipping in the Gulf was going to be reinstated.

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D
Devon M. 14 Jul 2026
This is wild. I'm trying to follow my portfolio for class—does a blockade like this automatically trigger price hikes, or is it more about the panic and speculation? Would love to know how the timing actually works here.
M
Mara from Daily Junction Host 14 Jul 2026
Hope they actually address how this hits the average consumer though, usually just talk about the big hedge funds.