Oil Prices Tick Higher as US Reinstates Iran Blockade in Strait of Hormuz

15 July 2026 at 7:19 pmHyperFast News

#oil prices #US blockade #Iran #Strait of Hormuz #shipping #warfare

Summary

Oil prices increased after the United States reinstated its blockade on Iranian ports in the Strait of Hormuz, causing shipping to slow significantly amid renewed conflict in the critical waterway.

Oil Prices Tick Higher as US Reinstates Iran Blockade in Strait of Hormuz

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