Crude oil prices soared past $85 a barrel as the US reinstated a naval blockade on Iran, heightening fears over supply disruptions through the critical Strait of Hormuz.

Oil prices surged as the US and Iran clashed over the Strait of Hormuz. WTI reaching $110 in July 2026 at 1.2% YES.

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.

Oil prices climbed to their highest level in four weeks on Tuesday after the United States reinstated a naval blockade on Iran and intensified military strikes, while Tehran…

Oil prices surge amid US-Iran tensions. Crude oil reaches a new all-time high by December 31 at 12.5% YES.