Oil Jumps, AI Stocks Sink Amid Middle East Fighting
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- Oil prices jumped on July 13, 2026, following renewed fighting in the Middle East and escalating Iran tensions, per AP News and the WSJ market wrap.
- AI stocks sank and weighed on the Nasdaq, with S&P 500, Nasdaq, and Dow futures all slipping amid 'AI jitters' even before bank earnings and a Federal Reserve report hit the tape (per WSJ and Yahoo Finance).
Why it matters: A single geopolitical catalyst — Iran — split the July 13, 2026 tape in two directions: energy commodities rallied while the tech-heavy Nasdaq sold off on AI jitters, hitting all three major US index futures simultaneously and leaving traders positioned for both an oil-driven inflation pulse and a growth-stock drag ahead of bank earnings and the Fed report.
