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At close · Mon, Jul 13, 2026
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Global oil prices rise for a second straight day on U.S.-Iran risk

Oil notched its biggest two-day gain since mid-March as escalation in the U.S.-Iran conflict boosted supply concerns.

Reported · Written up by our desk · Energy

Global oil prices rose for a second straight day, posting what MarketWatch described as their largest two-day increase since mid-March.

The rebound was linked to further escalation in the U.S.-Iran conflict, with traders keeping prices “tethered” to the Hormuz-related risk narrative, according to the report.

The move underscores how quickly geopolitical developments tied to potential shipping disruptions can lift crude benchmarks on concerns about future supply.

Latest closeWTI crude $78.04 ▲9.3%

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Sources

MarketWatchGlobal oil prices notch back-to-back rise, remain ‘tethered to the Hormuz narrative’
MarketWatchGlobal oil prices notch back-to-back rise, remain ‘tethered to the Hormuz narrative’

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