Event Brief
Oil prices jump up to 5% after Iran closes Hormuz
Filed: Jul 13, 2026 at 9:03 AM ET
Summary: 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.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
📋 This story has 43 earlier reports
🔍 46 sources analyzed
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