Commodities

Oil prices rise as US-Iran tensions escalate

By Michele Maatouk

Date: Monday 13 Jul 2026

(Sharecast News) - Oil prices rose on Monday as the US insisted the Strait of Hormuz was open, despite Iran claiming it had closed the vital waterway following further military exchanges.
At 0742 BST, Brent crude was up 3.9% at $79.00 a barrel and West Texas Intermediate was 4% higher at...

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