Asian stocks drop as oil rises after Trump's Hormuz levy threat | live
By Gregor Stuart Hunter SINGAPORE, July 14 (Reuters) - Stocks fell and oil hit a one-month high in Asian trading on Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz.
By Gregor Stuart Hunter SINGAPORE, July 14 (Reuters) - Stocks fell and oil hit a one-month high in Asian trading on Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz.
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