Business

Oil Prices Surge Following U.S. Strikes on Iran

Updated 2026-07-08 03:10 UTC 1 source Negative

Oil prices surged after the United States launched strikes against Iran in response to attacks on commercial vessels in the Strait of Hormuz, threatening regional stability.

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CNBC

Oil jumps as U.S. 'powerful strikes' against Iran risk unraveling fragile Mideast truce

Oil prices rose on Wednesday after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.

2026-07-08 01:41 UTC