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Home›US Markets›Futures›Oil prices jump more than 4% after Iran blockade threa…

Oil prices jump more than 4% after Iran blockade threat, CNBC reports

Crude prices rose sharply after comments tied to Iran escalated fears of renewed supply disruption.

Thursday, July 9, 2026 · Written up by our desk · Futures

CNBC Markets reports oil prices jumped more than 4% after President Trump threatened to bomb Iran and said he would reimpose a naval blockade.

The report highlights renewed geopolitical risk as a driver of the move in crude prices.

Latest closeWTI crude $81.23 ▼1.7%

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Sources

CNBC MarketsOil prices jump more than 4% after Trump threatens to bomb Iran and reimpose naval blockade

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