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U.S. Blockage of Hormuz Sends Oil Higher, Goldman Delivers Strong Earnings

U.S. Blockage of Hormuz Sends Oil Higher, Goldman Delivers Strong Earnings

Published 2 days, 13 hours ago
Description

Market update for Monday April 13, 2026

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In today’s episode:

  • U.S. begins Strait of Hormuz blockade targeting Iran’s oil exports

  • Goldman Sachs beats earnings expectations, but shares fall on weakness in fixed income trading

  • Revolution Medicines stock surges after breakthrough pancreatic cancer drug trial results

  • Best Buy drops after downgrade tied to rising PC prices and weaker demand outlook

  • McDonald’s enters the energy drink market

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