US-Iran Hostilities Escalate, Driving Crude Oil Prices Higher

Crude oil prices surged sharply on Friday amid escalating US-Iran hostilities that raised concerns over potential disruptions to crude supplies through the Strait of Hormuz. The conflict saw the US launch fresh strikes against Iran and Iran retaliate by attacking US bases in Kuwait, Jordan, and Bahrain.

By Rich Asplund Fri, July 17, 2026 at 10:15 PM GMT+3 6 min read · Yahoo Finance · July 17, 2026, 19:15 UTC

US-Iran Hostilities Escalate, Driving Crude Oil Prices Higher

Topics: crude oil geopolitical tensions RBOB gasoline US-Iran conflict WTI

Read the full article at Yahoo Finance

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