{"id":64437,"date":"2026-07-08T11:08:10","date_gmt":"2026-07-08T15:08:10","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-energy-and-tech-volatility-trump-signals-higher-oil-prices-while-china-eyes-nvidia-h200s\/64437\/"},"modified":"2026-07-08T11:08:10","modified_gmt":"2026-07-08T15:08:10","slug":"global-energy-and-tech-volatility-trump-signals-higher-oil-prices-while-china-eyes-nvidia-h200s","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-energy-and-tech-volatility-trump-signals-higher-oil-prices-while-china-eyes-nvidia-h200s\/64437\/","title":{"rendered":"Global Energy and Tech Volatility: Trump Signals Higher Oil Prices While China Eyes Nvidia H200s"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump signaled a willingness to accept higher <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a><\/strong> as a byproduct of U.S. strikes on Iran, stating that while prices are currently falling, certain actions may be taken to increase them.<\/li>\n<li><strong>Iran has threatened to close the Strait of Hormuz<\/strong>, a critical global oil chokepoint, if the country is struck, while the U.S. military reportedly stands ready to restart a maritime blockade.<\/li>\n<li><strong>China is planning to allow top AI firms<\/strong> including Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>), ByteDance, and DeepSeek to purchase limited amounts of <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) <strong>H200 chips<\/strong> for training public data.<\/li>\n<li><strong>Russia is grappling with a &quot;complex&quot; domestic fuel situation<\/strong>, leading to a ban on diesel exports, a reduction in gasoline production, and the confirmation of fuel imports to stabilize the market.<\/li>\n<li><strong>U.S. gasoline inventories fell by 1.9 million barrels<\/strong>, a smaller draw than the previous week&#39;s 2.33 million, yet Brent and WTI crude futures maintained gains following the data release.<\/li>\n<\/ul>\n<h2>Trump Signals Shift in Oil Policy Amid Iran Tensions<\/h2>\n<p>U.S. President Donald Trump has indicated a significant shift in energy and foreign policy, stating that he views an increase in oil prices as <strong>&quot;acceptable&quot;<\/strong> if it results from U.S. strikes against Iran. While Trump noted that oil prices have been falling significantly, he explicitly mentioned that the administration might <strong>&quot;do some things that could increase oil price&quot;<\/strong> to achieve geopolitical objectives.<\/p>\n<p>Complementing this stance, U.S. Treasury Secretary Scott Bessent suggested that <strong>U.S. oil should perhaps trade at a premium<\/strong>. These comments come as the administration prepares to remove Syria from the terrorism sanctions list, with Trump suggesting that Syria could play a role in assisting Lebanon and Hezbollah.<\/p>\n<h2>Escalation in the Strait of Hormuz<\/h2>\n<p>The geopolitical standoff in the Middle East has intensified, with Iran\u2019s Press TV reporting that Tehran will <strong>shut down the Strait of Hormuz<\/strong> if it faces new attacks. Security sources in Iran further claimed that the country is prepared to attack &quot;enemy&quot; targets at a <strong>ratio of at least two to one<\/strong> in the event of a conflict.<\/p>\n<p>In response, a U.S. official told Fox News that the <strong>U.S. military is ready to restart a blockade<\/strong> of ships to and from Iranian ports if ordered. Despite the rhetoric, UK Prime Minister Keir Starmer emphasized the importance of returning to a ceasefire, noting that the NATO summit showed a united front among allies.<\/p>\n<h2>China Eyes Limited Access to Nvidia H200 Chips<\/h2>\n<p>In a major development for the semiconductor industry, Chinese officials have reportedly informed top AI companies that they may soon receive permission to acquire <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) H200 chips<\/strong>. According to <em>The Information<\/em>, firms like Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>), ByteDance, and DeepSeek would be allowed to buy limited quantities specifically for <strong>training public data<\/strong>.<\/p>\n<p>The approval comes with strict stipulations, as the chips are not to be used for processing sensitive customer information. This move represents a potential softening of tech restrictions, though the &quot;limited amount&quot; suggests that <strong>U.S. export controls<\/strong> continue to heavily influence the flow of high-end AI hardware into China.<\/p>\n<h2>Russia Restricts Fuel Exports Amid Supply Strain<\/h2>\n<p>Russian Deputy Prime Minister Alexander Novak confirmed that Russia has <strong>implemented a ban on diesel exports<\/strong> and is reducing gasoline production to address a &quot;complex&quot; domestic situation. To maintain supply, Russia is <strong>boosting the production of low-class fuel<\/strong> and has begun confirming fuel imports from neighboring allies.<\/p>\n<p>These internal supply pressures coincide with broader regional instability. Meanwhile, in Northern Europe, <strong>Greenland&#39;s Prime Minister<\/strong> reaffirmed the country&#39;s sovereignty, stating that repeated requests for a takeover or control of the territory will not alter their independent status.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump signaled a willingness to accept higher oil prices as a byproduct of U.S. strikes on Iran, 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