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At close · Tue, Jul 14, 2026
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Home›Commodities›Energy›Oil prices rise after fresh U.S. strikes and port bloc…

Oil prices rise after fresh U.S. strikes and port blockade near Hormuz

The renewed U.S. naval blockade targets Iranian ports near the Strait of Hormuz, a key shipping chokepoint for crude flows.

Reported · Written up by our desk · Energy

Oil prices rose Wednesday after new U.S. actions against Iran, including strikes in and around Tehran and Washingtons reinstatement of a naval blockade of Iranian ports.

CNBC Markets reports that the blockade is focused near the Strait of Hormuz, where shipping routes are critical for global crude supply.

CNBC World cited the same developments, linking the escalation to higher oil prices.

Latest closeWTI crude $79.90 ▲2.2%

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Sources

CNBC MarketsOil rises after another round of U.S. strikes against Iran, naval blockade of the country's ports
CNBC WorldOil rises after another round of U.S. strikes against Iran, naval blockade of the country's ports

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