local
Oil prices rise following the latest fighting in the Middle East, as AI stocks sink
By Elaine Kurtenbach, Associated Press at KPRC 2 / Click2Houston (NBC)
· July 13, 2026
· 4 min read
Oil prices are climbing Monday following a weekend of attacks in the Middle East, while more losses for computer chipmakers and other winners of the artificial-intelligence boom weigh on stock markets.The price for a barrel of Brent crude oil, the international standard, rose 4.5% to $79.41 after...
Key takeaway Brent's price got near $80 immediately after President Donald Trump said he's reinstating a blockade on Iranian ships in the strait.
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 are climbing Monday following a weekend of attacks in the Middle East, while more losses for computer chipmakers and other winners of the artificial-intelligence boom weigh on stock markets.The price for a barrel of Brent crude oil, the international standard, rose 4.5% to $79.41 after...
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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