NEW YORK: Major stock markets mostly retreated Thursday (Jul 16) as semiconductor shares extended falls, while oil prices wobbled as the United States and Iran exchanged fresh strikes

Oil prices rallied by more than 9% after US-Iran geopolitical escalation, Saudi-Yemen strikes, while Trump announced to reinstate the blockade and that the US would hit Iran very…

Major stock markets mostly retreated Thursday as semiconductor shares extended falls, while oil prices wobbled as the United States and Iran exchanged fresh strikes.