Oil rises as attacks renew safety fears in the Strait of Hormuz
North AmericaBusinessHigh confidence — 77/100
Oil prices jumped Tuesday to their highest level since late last week after reports that two tankers transiting the Strait of Hormuz had been hit by unknown projectiles.
crude oil rose more than 3% to above $70 per barrel for the first time since July 1.
Published on 07/07/2026 - 17:01 GMT+2•Updated 17:26 A British maritime agency reported strikes on two tankers in the Strait of Hormuz in less than an hour on Tuesday.
Confirmed
Published on 07/07/2026 - 17:01 GMT+2•Updated 17:26 A British maritime agency reported strikes on two tankers in the Strait of Hormuz in less than an hour on Tuesday.
Unverified
Oil prices jumped Tuesday to their highest level since late last week after reports that two tankers transiting the Strait of Hormuz had been hit by unknown projectiles.
crude oil rose more than 3% to above $70 per barrel for the first time since July 1.