Oil prices surge more than 3% as US-Iran strikes fuel Hormuz fear
--------------------------------------------------------------------
Source: The Jerusalem Post
Published: 2026-07-14 09:04 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Defence, Middle East, Military & Defence, Iran, Energy, World News, War & Conflict
--------------------------------------------------------------------
Snippet:
The price of oil jumped more than 3% on Monday as renewed military strikes between the United States and Iran raised fresh concerns about the movement of energy supplies through the Strait of Hormuz, a major route for global oil and gas shipments. Brent crude futures gained $2.39, or 3.14%, to $78.40 at 1321 GMT.
--------------------------------------------------------------------