Tensions escalated further after Iran's Islamic Revolutionary Guard Corps vowed on Monday that not a "single drop" of oil or gas would pass through the Strait of Hormuz.

Iran closes the Strait of Hormuz after US airstrikes. WTI Crude Oil reaching $90 by July 2026 at 46% YES.

Oil prices climb above $90 a barrel after Iranian military targets two tankers in Strait of Hormuz