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Oil Prices Set for More Volatility After Latest Iranian Attack on Ship in Gulf

Crude oil prices jumped above prewar levels this week, demonstrating Iran's capacity to move energy...

BUSINESS NEWS July 12, 2026

Oil Prices Set for More Volatility After Latest Iranian Attack on Ship in Gulf

Crude oil prices jumped above prewar levels this week, demonstrating Iran's capacity to move energy prices by projecting power in the Strait of Hormuz.

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Crude oil prices jumped above prewar levels this week, demonstrating Iran's capacity to move energy prices by projecting power in the Strait of Hormuz.

Author: The New York Times

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