Oil jumps as Trump claims new Hormuz blockade on Iran

Biztoc.com - July 13, 2026

Oil jumps as Trump claims new Hormuz blockade on Iran

Data: Financial Modeling Prep; Chart: Ben Geman/Axios Oil prices surged about 9% Monday to roughly $83 per barrel after President Trump claimed the U.S. was reinstating a naval blockade on Iran, adding to gains already driven by renewed hostilities over the w…

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