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Oil jumps 4% as new military strikes threaten Hormuz shipments

Oil prices surged over 4% on Monday as energy shipments via ​the Strait of Hormuz remained under thr...

BUSINESS NEWS July 12, 2026

Oil jumps 4% as new military strikes threaten Hormuz shipments

Oil prices surged over 4% on Monday as energy shipments via ​the Strait of Hormuz remained under threat, with the U.S. and ‌Iran announcing renewed military...

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Oil prices surged over 4% on Monday as energy shipments via ​the Strait of Hormuz remained under threat, with the U.S. and ‌Iran announcing renewed military...

Author: Reuters

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