Crude oil prices soared nearly 5% on July 13, with Brent nearing $80 per barrel, as escalating US-Iran strikes fueled market volatility and supply concerns.
Brent crude rose to $79.5 per barrel
Jul 13, 2026
09:26 am
What's the storyOil prices have witnessed a sharp spike, rising over 4% on Monday. The surge comes as Iran has expanded its military operations to Gulf states in response to recent US attacks.
This has raised concerns over the safety of energy shipments through the vital Strait of Hormuz.
Oil jumps more than 4% as US and Iran trade strikes, dispute Hormuz status
Oil jumps 3 percent after US, Iran escalate strikes in Mideast
Oil surges as US strikes Iran, reversing return to pre-war prices
Crude oil futures jump more than 4% as US-Iran conflict escalates
Oil Price Today (July 9): Crude oil nears $80, up for 3rd day as US launches fresh strikes on Iran. Hormuz supply in jeopardy?
Oil prices jump after US and Iran escalate strikes in the Middle East
Oil prices surge as US strikes Iran, reversing slide to pre-war levels
Oil prices jump as US and Iran clash over Strait of Hormuz
Oil prices jump as US and Iran trade attacks over Strait of Hormuz
Oil jumps 3% after US, Iran escalate strikes in Mideast
Global oil prices spiked over 5% after US military strikes on Iran, intensifying West Asia tensions and threatening the security…
Oil prices climbed as US forces conducted airstrikes and intercepted drones near the Strait of Hormuz, while diplomatic efforts…
Brent crude surged 4.1 per cent to US$79.14 a barrel as at 9.40am Singapore time, after gaining 5.4 per cent last week. Read…
Oil prices surged over $2 a barrel after Iran announced the closure of the Strait of Hormuz, a critical shipping route, following…
The conflict in the Middle East has sent oil prices soaring, as Brent Crude hit a new 52-week high on Monday.
Crude oil prices soared past $81 as Iran reportedly closed the Strait of Hormuz following escalating regional conflicts, while…
