Business

Oil Prices Surge Amid Mideast Tensions

Updated 2026-07-14 01:10 UTC 1 source Neutral

Oil prices increased by over 2% following U.S. President Donald Trump's announcement of shipping fees in the Strait of Hormuz, raising concerns about supply disruptions.

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CNBC

Oil gains over 2% as Mideast tensions and Hormuz toll prospects raise supply worries

Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.

2026-07-14 00:32 UTC