Oil prices jump as Hormuz traffic hits multi-week low

Oil prices rose more than 4% after renewed US-Iran strikes slowed Hormuz traffic to a multi-week low.

WHO:

Oil markets

WHAT:

Oil prices jumped more than 4% as Hormuz traffic slowed to a multi-week low amid renewed US-Iran strikes.

WHEN:

Jul 13, 2026 at 3:55 AM ET

WHERE:

Hormuz Strait

WHY:

Renewed strikes between the US and Iran threatened their fragile peace agreement and slowed Hormuz traffic.

How this story developed (showing 43 of 43 earlier reports)

US says MH-60 fired missiles at Panama-flagged ship · Aug 11, 2026 at 4:12 PM ET
US reroutes 55 Iran-linked vessels to enforce port limits · Aug 10, 2026 at 8:13 AM ET
US Central Command redirects 55 commercial vessels · Aug 10, 2026 at 2:06 AM ET
US says it redirected 51 vessels since Iran blockade · Aug 7, 2026 at 7:11 PM ET
ADNOC says attacks are significantly impacting operations · Aug 7, 2026 at 11:10 AM ET
US Centcom redirects three more commercial vessels · Aug 5, 2026 at 2:14 PM ET
US Centcom says Strait of Hormuz remains free and open · Aug 4, 2026 at 6:10 PM ET
US CENTCOM redirects 45 vessels to enforce Iran blockade · Aug 4, 2026 at 5:13 PM ET
Crew abandon ship after hit in Strait of Hormuz · Aug 4, 2026 at 7:09 AM ET
Iran official warns US of risks if naval blockade continues · Aug 4, 2026 at 1:08 AM ET
CENTCOM says it redirected 35 commercial vessels · Aug 2, 2026 at 2:10 PM ET
Iran warns it will further tighten Hormuz if US blocks · Aug 1, 2026 at 12:12 AM ET
Yemeni forces say eight Saudi tankers rerouted · Jul 31, 2026 at 10:11 PM ET
US Centcom says 30 commercial vessels redirected during Iran blockade · Jul 31, 2026 at 6:11 PM ET
London insurers expand Red Sea high-risk zone · Jul 30, 2026 at 7:08 AM ET
US sanctions target entities linked to Iran’s Hormuz income · Jul 29, 2026 at 4:09 PM ET
Houthis consider charging ships to pass Bab al-Mandeb · Jul 29, 2026 at 8:11 AM ET
UKMTO reports explosion heard in southern Red Sea · Jul 28, 2026 at 6:08 PM ET
Iran proposes temporary Hormuz traffic arrangement · Jul 28, 2026 at 4:08 PM ET
US Centcom redirected 18 commercial vessels in Hormuz · Jul 28, 2026 at 2:12 PM ET
US says Iran naval blockade remains in full effect · Jul 25, 2026 at 8:12 PM ET
IRGC bars four ships from crossing Hormuz · Jul 25, 2026 at 10:09 AM ET
US missile strike disables LPG tanker in Gulf of Oman · Jul 24, 2026 at 4:08 PM ET
CENTCOM says it redirected 12 commercial vessels · Jul 23, 2026 at 7:10 PM ET
IMO chief condemns attacks on Red Sea shipping · Jul 23, 2026 at 3:09 PM ET
US attack damages two Iranian rescue vessels in Hormozgan · Jul 23, 2026 at 1:06 AM ET
Saudi-led coalition says it will respond to Houthi threats · Jul 20, 2026 at 5:09 PM ET
UKMTO reports vessel struck 17 nm east of Dibba · Jul 20, 2026 at 2:11 PM ET
Centcom says blockade redirected seven ships, disabled one · Jul 20, 2026 at 1:08 PM ET
US Centcom says seven commercial vessels stopped · Jul 19, 2026 at 6:07 PM ET
UKMTO: seized vessel moved into Somali territorial waters · Jul 18, 2026 at 4:07 PM ET
US attacks Iranian oil tanker near Kharg Island again · Jul 17, 2026 at 3:07 PM ET
Only three commodity vessels crossed Strait of Hormuz · Jul 17, 2026 at 8:12 AM ET
Air defences activated around Bushehr nuclear plant · Jul 14, 2026 at 7:06 PM ET
Indian sailor killed in Iranian missile strike in Hormuz · Jul 14, 2026 at 2:12 PM ET
IRGC says two tankers were hit in Strait of Hormuz · Jul 13, 2026 at 11:05 PM ET
Hormuz tanker traffic drops to lowest in two months · Jul 13, 2026 at 2:09 PM ET
Iran fires warning shots at two ships in Hormuz · Jul 13, 2026 at 8:14 AM ET
UK maritime body reports warning shots at tanker · Jul 13, 2026 at 8:14 AM ET
UKMTO says container ship crew rescued off Oman · Jul 12, 2026 at 3:05 AM ET
Crew abandons Cyprus-flagged ship after Hormuz missile hit · Jul 11, 2026 at 11:05 PM ET
Japan-linked LNG tankers resume passage through Hormuz · Jul 10, 2026 at 3:05 AM ET
Four oil and gas tankers turn back from Hormuz · Jul 8, 2026 at 5:06 AM ET

Reporting from 5 identified publishers across this event arc.

View all 5 publishers

Publishers represented across this event arc

CNBC Top News — View reporting
Japan Times — View reporting
Jerusalem Post —
2 articles
- View article 1
- View article 2
Middle East Eye —
43 articles
UPI — View reporting

These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.

How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.

Oil prices jump as Hormuz traffic hits multi-week low

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