local
Oil prices jump and world shares are mixed as US and Iran carry out airstrikes
By ABC at KSTP 5 Eyewitness News (ABC)
· July 13, 2026
· 4 min read
BANGKOK (AP) — Oil prices jumped and world shares were mixed on Monday after the U.S. carried out airstrikes and Iran retaliated.
In early European trading, Germany’s DAX added 0.2% to 25,105.55 and the CAC 40 in Paris edged 0.1% higher, to 8,347.26. Britain’s FTSE 100 also was up just 0.1%, at ...
Key takeaway In early European trading, Germany’s DAX added 0.
Why this matters in The Minneapolis
For Minneapolis residents, the spike in oil prices due to the US-Iran airstrikes has immediate implications for their daily commute and household expenses. As the price of Brent crude climbs, so does the cost of gasoline, which could lead to increased transportation costs for locals. This, in turn, may affect the prices of goods and services in the city, as businesses pass on the added expenses to consumers. Additionally, the mixed performance of US stock futures could have a ripple effect on the local economy, particularly for investors and businesses with ties to the global market. The recent surge in demand for computer memory, driven by the artificial-intelligence boom, may also impact local tech companies and startups in the Minneapolis-St. Paul area, which could be affected by the volatility in the global market. As the situation unfolds, Minneapolis residents should be prepared for potential price increases and market fluctuations.
About this story
Original reporting by KSTP 5 Eyewitness News (ABC) . The Minneapolis 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 KSTP 5 Eyewitness News (ABC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 13, 2026 ·
Source: KSTP 5 Eyewitness News (ABC) ·
Reading time: 4 min
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Frequently asked about this story
What is this story about? BANGKOK (AP) — Oil prices jumped and world shares were mixed on Monday after the U.S. carried out airstrikes and Iran retaliated.
In early European trading, Germany’s DAX added 0.2% to 25,105.55 and the CAC 40 in Paris edged 0.1% higher, to 8,347.26. Britain’s FTSE 100 also was up just 0.1%, at ...
When was this published? This article was first published on July 13, 2026 by KSTP 5 Eyewitness News (ABC) and curated for The Minneapolis readers.
Who reported this story? This story was reported by ABC at KSTP 5 Eyewitness News (ABC). To learn more about how The Minneapolis selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Minneapolis, or browse our daily briefing and topic hubs .
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