Oil jumps as Trump claims new Hormuz blockade on Iran
Axios · 13 Jul 2026

Oil jumps as Trump claims new Hormuz blockade on Iran

Data: Financial Modeling Prep; Chart: Ben Geman/AxiosOil prices surged about 9% Monday to roughly $83 per barrel after President Trump claimed the U.S. was reinstating a naval blockade on Iran, adding to gains already driven by renewed hostilities over the weekend.Why it matters: Higher oil prices t


⬅ Back home Read full article ➡