local
Oil prices jump and Asian shares slip as US and Iran carry out airstrikes
By Elaine Kurtenbach, Associated Press at KPRC 2 / Click2Houston (NBC)
· July 13, 2026
· 4 min read
Oil prices jumped and Asian shares were mostly lower Monday after the U.S. carried out airstrikes and Iran retaliated. The price of Brent crude, the international standard, gained 3.6% to $78.76 per barrel, while U.S. benchmark crude added 3.5% to $73.97 per barrel. Prices for both types of crude...
Key takeaway The price of Brent crude, the international standard, gained 3.
Why this matters in The Piney Point
For residents of Piney Point Village , the jump in oil prices and decline in Asian shares may seem like a distant concern, but it has real implications for the local economy. As a community within the Houston area, Piney Point Village is closely tied to the energy industry, and fluctuations in oil prices can affect the livelihoods of many residents. The increase in oil prices could lead to higher gas prices and increased costs for local businesses, which could have a ripple effect on the community. Additionally, the decline in Asian shares could impact the Port of Houston, a major economic driver for the region, as trade with Asian countries is an important part of the port's business. As the situation continues to unfold, residents of Piney Point Village should keep a close eye on how these global events affect their local economy and community.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . The Piney Point 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 KPRC 2 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 13, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 4 min
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Frequently asked about this story
What is this story about? Oil prices jumped and Asian shares were mostly lower Monday after the U.S. carried out airstrikes and Iran retaliated. The price of Brent crude, the international standard, gained 3.6% to $78.76 per barrel, while U.S. benchmark crude added 3.5% to $73.97 per barrel. Prices for both types of crude...
When was this published? This article was first published on July 13, 2026 by KPRC 2 / Click2Houston (NBC) and curated for The Piney Point readers.
Who reported this story? This story was reported by Elaine Kurtenbach, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Piney Point selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Piney Point, or browse our daily briefing and topic hubs .
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