By Myra P. Saefong and Nora Redmond

Brent crude futures climb to $79.11 while US WTI crude rises $2.95 to $74.36 a barrel.

Oil prices spike as Hormuz traffic slows amid US-Iran tensions. Crude oil reaches a new all-time high by December 31 at 12.5% YES.

Trump reinstates the Hormuz blockade as oil prices rise above $79. WTI reaching $110 by July 2026 at 2.6% YES.

Oil prices surge above $80 after Trump announces a 20% charge on cargo in the Strait of Hormuz and reinstates an Iran blockade, raising global supply fears

Oil prices surged nearly 10% due to US-Iran tensions. Fewer than 150 ships transiting the Strait of Hormuz at 90.2% YES.

Oil prices jumped 2% due to Middle East tensions and supply fears. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

HOUSTON: Oil prices jumped more than 9 per cent on Monday after Donald Trump said the US was reinstating a naval...

Oil prices climbed over 2% after U.S

US President Donald Trump says he wants to charge vessels 20% tax to cross strait

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Oil prices surged after Trump's threats on shipping through the Strait of Hormuz. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

By Myra P. Saefong and Nora Redmond

Trump Backtracks on 20% Toll for Shipping in Hormuz Strait