Oil rises after Trump reimposes Hormuz blockade
Asia-Pacific
World
High confidence — 77/100
- The price of oil jumped more than 5% after President Donald Trump declared on social media Monday morning that the U.
- would be resume its blockade on Iran and be “reimbursed” for helping ships transit the Strait of Hormuz.
- Updated: July 13, 2026 at 3:23PM EDTPublished: July 13, 2026 at 6:52AM EDT
Unverified
- The price of oil jumped more than 5% after President Donald Trump declared on social media Monday morning that the U.
- would be resume its blockade on Iran and be “reimbursed” for helping ships transit the Strait of Hormuz.
- Updated: July 13, 2026 at 3:23PM EDTPublished: July 13, 2026 at 6:52AM EDT