Oil prices rise following the latest fighting in the Middle East, as AI stocks sink
Brent crude climbed nearly 5% as shipping through the Strait of Hormuz fell 52%, according to ship-tracking data.
- The latest fighting between Iran and the U.S. in the Middle East has caused oil prices to rise and AI stocks to fall.
- Iran's Revolutionary Guards said they targeted U.S. military facilities in several countries, marking an escalation in pace and range of attacks.
- The renewed violence casts doubt on the future of a recent U.S.-Iranian agreement aimed at reopening the Strait of Hormuz and ending the war.
305 Articles
305 Articles
Oil prices jumped again on Tuesday after new US strikes on Iran.
Amidst instability in international oil prices due to the renewed blockade of the Strait of Hormuz—through which approximately 20% of global oil shipments pass—due to the war with Iran, an analysis suggests that China's oil import volume will determine whether prices surge in the future. On the 13th (local time), The New York Times (NYT) reported, “For decades, the oil market moved according to how much crude oil the Organization of the Petroleu…
US resumes strikes on Iran as oil prices surge
Neena Mae Rayos, Philippine Canadian Inquirer July 14, 2026 IRAN – The United States intensified its military campaign against Iran with a third consecutive night of airstrikes. Despite the escalating […] The post US resumes strikes on Iran as oil prices surge appeared first on Philippine Canadian Inquirer.
Oil prices skyrocketed and global stock prices were mixed on Monday after the U.S. carried out air strikes and Iran responded.
Brent crude jumps as US-Iran fighting continues
Brent crude jumps as US-Iran fighting continues The price of Brent crude has jumped more than three percent while gold prices slumped further as fighting between the US and Iran continues. Brent was trading at just under $78 a barrel at midday after Trump announced the resumption of the blockade on Iran. Gold prices dropped almost three percent to $4,005 per ounce at 15:00 GMT.
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