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
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