local
Oil prices jump following the latest fighting in the Middle East, while AI stocks sink
By Elaine Kurtenbach, Associated Press at KSAT 12 (ABC affiliate)
· July 13, 2026
· 4 min read
Oil prices jumped Monday following a weekend of attacks in the Middle East, while more losses for computer chip companies and other winners of the artificial-intelligence boom dragged stock markets lower.The price for a barrel of Brent crude oil, the international standard, climbed 9.6% to $83.3...
Key takeaway 30 after the United States and Iran each said the Strait of Hormuz is under its control.
Why this matters in The San Antonio
San Antonio 's economy, with its significant presence of tech and manufacturing industries, may feel the ripple effects of the escalating US-Iran conflict and subsequent market volatility. The city is home to a number of companies that rely on international trade and global supply chains, which could be disrupted by rising oil prices and instability in the Middle East. Additionally, the local economy's growing focus on emerging technologies, including artificial intelligence, may be impacted by fluctuations in the stock prices of companies like SK Hynix, which has seen significant gains in recent months. As the situation continues to unfold, San Antonio businesses and investors will be watching closely to see how the conflict affects global markets and trade, and how it may impact the local economy's own growth and development. The city's leaders may need to consider strategies to mitigate any potential negative effects and ensure that San Antonio remains competitive in an increasingly uncertain global landscape.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 13, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 4 min
Get more The San Antonio stories like this
Free weekly briefing covering local and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? Oil prices jumped Monday following a weekend of attacks in the Middle East, while more losses for computer chip companies and other winners of the artificial-intelligence boom dragged stock markets lower.The price for a barrel of Brent crude oil, the international standard, climbed 9.6% to $83.3...
When was this published? This article was first published on July 13, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Elaine Kurtenbach, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
← Back to all news
More local →
Today’s briefing
Subscribe to newsletter