Crude Oil Prices Rise Amid Escalating US-Iran Tensions

Crude oil prices rose as tensions between the United States and Iran escalated following attacks on shipping in the Strait of Hormuz, reducing global oil supplies. The market reaction was tempered when President Trump announced a shift from a 20% Hormuz cargo fee to trade deals with Gulf states.

By Rich Asplund Tue, July 14, 2026 at 10:20 PM GMT+3 5 min read · Yahoo Finance · July 14, 2026, 19:20 UTC

Crude Oil Prices Rise Amid Escalating US-Iran Tensions

Topics: geopolitics oil Strait of Hormuz US-Iran tensions

Read the full article at Yahoo Finance

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