Oil prices climbed over 2% after U.S
WTI crude has risen to nearly $80 per barrel
Jul 14, 2026
11:09 am
What's the storyOil prices surged by over 2% on Tuesday, following US President Donald Trump's announcement of plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade on Iranian ports.
The move has raised concerns over potential disruptions to global crude supplies.
Oil prices surge as Trump announces a 20% charge on Hormuz shipments. WTI reaching $110 in July 2026 at 2.6% YES.
Oil prices surged after Trump's threats on shipping through the Strait of Hormuz. Crude oil reaching a new all-time high by…
Oil prices surged as Trump reinstated the Iranian ship blockade. Crude oil reaching a new all-time high by December 31 at 14.5%…
Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.
Oil prices surge above $80 after Trump announces a 20% charge on cargo in the Strait of Hormuz and reinstates an Iran blockade,…
Brent crude surged 9.6 per cent to close at US$83.30 per barrel on July 13. Read more at straitstimes.com. Read more at…
