Event Brief

UPDATED Jul 24, 2026 at 11:04 AM ET

Jul 12, 2026 at 8:00 PM ET

Oil prices jump up to 5% after Iran closes Hormuz

By The BriefBrief

Oil prices surged as much as 5% after Iran declared the Strait of Hormuz closed.

WHO: Oil market

WHAT: Oil prices surged as much as 5% following Iran's declaration that the Strait of Hormuz is closed.

WHEN: Jul 13, 2026 at 5:27 AM ET

WHERE: Location not specified

WHY: Iran declared the Strait of Hormuz closed, prompting a spike in oil prices.

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

Trump tariffs could raise prices as Iran fighting lifts oil · Jul 24, 2026 at 11:04 AM ET
Oil falls below $100 as Trump weighs ‘massive attack’ · Jul 24, 2026 at 7:00 AM ET
Equities tumble after oil tops $100 amid U.S.-Iran war · Jul 24, 2026 at 6:00 AM ET
Brent crude tops $100 as Iran conflict drags on · Jul 24, 2026 at 4:00 AM ET
Oil prices surge above $100 as Trump weighs Iran offensive · Jul 24, 2026 at 1:00 AM ET
Oil hits $100 as Trump weighs ‘massive attack’ · Jul 24, 2026 at 12:00 AM ET
Oil tops $100 as Trump warns of possible Iran attack · Jul 23, 2026 at 6:00 PM ET
Brent crude tops $100 for first time since May · Jul 23, 2026 at 1:00 PM ET
Oil prices rise after tanker strike; Trump escalates Iran threats · Jul 22, 2026 at 10:05 PM ET
Oil prices settle at 6-week high above $95 · Jul 22, 2026 at 5:04 PM ET
Oil jumps past $95 as U.S. downplays Iran talks · Jul 22, 2026 at 4:00 PM ET
Iran war energy shock lifts U.S. gas and diesel prices · Jul 22, 2026 at 4:00 PM ET
Oil prices rise to six-week high on Iran de-escalation hopes · Jul 22, 2026 at 9:00 AM ET
Oil rises past $95 after Trump Iran escalation threat · Jul 22, 2026 at 6:00 AM ET
Oil prices jump 4% after Rubio says Iran not serious · Jul 22, 2026 at 5:00 AM ET
Brent oil rises 2% above $92 as Rubio says Iran not serious · Jul 22, 2026 at 4:00 AM ET
Oil prices rise after Trump says Iran will pay · Jul 20, 2026 at 6:00 PM ET
US petrol prices rise to $4 a gallon · Jul 20, 2026 at 2:00 PM ET
US petrol prices rise above $4 as Iran war intensifies · Jul 20, 2026 at 1:00 PM ET
Average U.S. gas price hits $4 as Iran war intensifies · Jul 20, 2026 at 11:04 AM ET
Oil touches $90 after Iran hits tankers · Jul 20, 2026 at 9:00 AM ET
Oil prices rise as Middle East fighting escalates · Jul 20, 2026 at 6:03 AM ET
Brent crude tops $90 as Iran vows no oil via Hormuz · Jul 20, 2026 at 4:00 AM ET
Brent tops $90 as U.S. strikes on Iran continue · Jul 19, 2026 at 10:00 PM ET
Gas prices rise as Iran conflict flares · Jul 19, 2026 at 9:00 PM ET
Oil prices rise as Persian Gulf shipping nears halt · Jul 17, 2026 at 10:03 PM ET
Oil and gas prices rise as U.S. and Iran escalate attacks · Jul 17, 2026 at 9:03 PM ET
Oil rises after U.S. strikes and Iran port blockade · Jul 15, 2026 at 1:00 AM ET
U.S.-Iran tensions could end U.S. gas price break · Jul 14, 2026 at 9:00 PM ET
Brent rises to $87 as Strait of Hormuz battle alarms · Jul 14, 2026 at 4:00 PM ET
Oil prices set for back-to-back rise on Hormuz narrative · Jul 14, 2026 at 3:00 PM ET
Oil hits $87 as Strait of Hormuz fears lift prices · Jul 14, 2026 at 8:00 AM ET
Oil rises after Trump plans Hormuz shipping fees · Jul 14, 2026 at 3:00 AM ET
U.S. gas prices rise for first time since May · Jul 14, 2026 at 2:00 AM ET
Oil prices rise to 1-month high on Hormuz outlook · Jul 14, 2026 at 1:04 AM ET
Oil surges after Strait of Hormuz closure · Jul 14, 2026 at 1:00 AM ET
Oil surges past $80 on Trump Hormuz fee threat · Jul 13, 2026 at 7:00 PM ET
Trump says US will hit Iran “hard” this week · Jul 13, 2026 at 5:00 PM ET
Oil prices top $80 after Hormuz blockade reimposed · Jul 13, 2026 at 1:00 PM ET
Oil prices rise as U.S.-Iran dispute over Hormuz intensifies · Jul 13, 2026 at 12:00 PM ET
Oil prices surge amid Iran and U.S. trade strikes · Jul 13, 2026 at 3:00 AM ET
Oil prices jump on US-Iran attacks over Strait of Hormuz · Jul 13, 2026 at 1:00 AM ET
Oil prices jump after US and Iran strikes · Jul 12, 2026 at 8:00 PM ET

Reporting from 23 identified publishers across this event arc.

View all 23 publishers

Publishers represented across this event arc

19FortyFive —
2 articles
- View article 1
- View article 2
ABC Australia —
3 articles
ABC News —
2 articles
- View article 1
- View article 2
Al Jazeera —
3 articles
BBC News —
2 articles
- View article 1
- View article 2
CBS News —
5 articles
CNBC Top News —
7 articles
Euronews —
3 articles
Financial Times —
11 articles
France 24 —
2 articles
- View article 1
- View article 2
Global News Canada — View reporting
Jerusalem Post — View reporting
MarketWatch —
7 articles
Middle East Eye —
2 articles
- View article 1
- View article 2
NBC News —
4 articles
New York Times —
7 articles
PBS NewsHour —
2 articles
- View article 1
- View article 2
South China Morning Post — View reporting
Stars and Stripes (via Google News) — View reporting
The Hindu —
3 articles
The Independent —
4 articles
UPI —
2 articles
- View article 1
- View article 2
Washington Post — 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.

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The BriefBrief — updated continuously, every category, every day.

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