Oil Prices Rise Following Iranian Attacks in Strait of Hormuz

Oil prices spiked after Iran attacked three ships in the Strait of Hormuz, including an LNG carrier and oil tanker. The move pushed the futures curve back into backwardation from recent contango levels amid concerns over regional supply disruptions.

By ING Economic and Financial Analysis · Seeking Alpha · July 8, 2026, 07:00 UTC

Oil Prices Rise Following Iranian Attacks in Strait of Hormuz

Topics: aluminium gas_prices geopolitical_risk oil_prices

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