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BUSINESSJul 14 · 04:07 UTCWDIV CLICKONDETROITElaine Kurtenbach, Associated Press

Oil prices jump as fighting flares in the Middle East, while AI-led retreat pulls Asian stocks lower

Oil prices rose due to intensified Middle East fighting and uncertainty over the Strait of Hormuz, while Asian stocks declined as AI-related sectors underperformed. The Nikkei 225, Kospi, and Shanghai Composite all fell, with AI stocks like Micron and Nvidia leading losses. U.S. crude and Brent crude prices increased, though remaining below wartime peaks.

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Middle EastplaceStrait of HormuzplaceBrent crudetopicU.S. benchmark crudetopicNikkei 225organizationKospiorganizationShanghai CompositeorganizationMicron TechnologyorganizationNvidiaorganizationArtificial IntelligencetopicUnited StatesplaceIranplaceDonald Trumpperson
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