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Oil prices surge as much as 5% after Iran declares Strait of Hormuz is closed

Economy MarketWatch By Barbara Kollmeyer 13 Jul 2026 09:27 1 min read
Oil prices surge as much as 5% after Iran declares Strait of Hormuz is closed

The week is kicking off with fresh spikes for oil prices as the U.S. and Iran continued to exchange attacks.

The week is kicking off with fresh spikes for oil prices as the U.S. and Iran continued to exchange attacks.

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