Stock indexes were mostly rising in premarket trading on Wall Street Wednesday and oil prices rose modestly after Iran threatened to block Middle East energy exports in retaliation for the U.S. resuming its blockade of Iranian ports

Iran closes the Strait of Hormuz, causing oil prices to surge. WTI reaching $110 in July 2026 at 1.7% YES.

Oil prices jumped and early trading on Wall Street was mixed after the U.S. carried out airstrikes and Iran retaliated