Business

Oil Prices Surge Amid Gulf Tensions

Updated 2026-09-09 07:25 UTC 2 sources Negative

Tensions in the Strait of Hormuz between the U.S. and Iran sent oil prices higher, causing stock markets to decline.

Coverage timeline — 2 articles
MarketWatch
Oil prices rose Sunday while U.S. stock-index futures advanced, after the U.S. and Iran continued to trade fire in the Persian Gulf, renewing fears that the Strait of Hormuz may effectively be shut again.
2026-06-28 22:18 UTC
CNBC
The U.S. and Iran trade attacks on vessels and tankers in the Strait of Hormuz, sending oil higher and stocks lower.
2026-09-09 06:20 UTC
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