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Back to stories
2 sourcesJul 13, 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 announc

Hiru News - English•Jul 13, 2026
By Hiru News English
Read full article

Summary

Oil prices surged over 4% on Monday as energy shipments via ​the Strait of Hormuz remained under threat, with the U. Iran's Revolutionary Guards said on ⁠Monday they attacked U. President Donald Trump said ​on Sunday that the Strait of Hormuz is open to commercial traffic, although Iran ​declared earlier that it closed the strait after a vessel traveled on an unapproved route and was struck.

Summarised from Hiru News - English

What this story is about

People
  • Donald Trump2
  • Kpler2
  • Tony Sycamore
  • Bandar Abbas
  • Hormuz
  • Sirik
  • Jask
  • Tony
Organisations
  • ANZ2
  • GMT2
  • International Energy Agency
  • International Energy
  • Revolutionary Guards
  • Central Command
  • Brent crude
Places
  • Strait of Hormuz3
  • United States3
  • Iran3
  • Gulf2
  • United Arab Emirates
  • Qeshm Island
  • Middle East
  • Mideast Oil
Keywords
  • strikes2
  • jumps2
  • exchanged
  • shipments
  • escalate
  • military
  • threaten
  • announc
  • attacks
  • jumped

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

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Also reported by

2 newsrooms have reported this story

  • Oil jumps 3% after US, Iran escalate strikes in MideastHiru News - English·Jul 13, 2026
  • Oil prices surge as US and Iran exchange fresh attacksNewsWire English·Jul 13, 2026
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