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Strait of Hormuz Tensions Escalate Amid Iranian Attacks

Updated 2026-07-09 14:55 UTC 1 source Negative

Tensions in the Strait of Hormuz have risen after Iranian attacks, leading to a slowdown in tanker traffic and increased oil prices.

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Tanker traffic through Strait of Hormuz slows after Iranian attacks trigger renewed fighting with U.S.

Oil has rallied more than 7% this week as investors worry that exports through Hormuz could plunge as the U.S. and Iran fight for control of the strait.

2026-07-09 13:37 UTC