New York, July 20, 2026 (AFP) - US stocks drop on latest Middle East fighting, tech earnings caution

NAMPA / AFP

2026-07-20

Wall Street stocks retreated Monday with early gains fading as the escalating US-Iran conflict lifted oil prices while markets awaited key earnings reports. Iranian President Masoud Pezeshkian described the country as "engaged in a full-scale war" with the United states, while Tehran's Yemeni allies, the Houthi rebels, announced they would blockade Saudi ports, putting at risk Riyadh's ability to bypass the Strait of Hormuz for some of its oil ex......

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