Axios

Oil jumps as Trump claims new Hormuz blockade on Iran

Jul 13, 2026Center Left

Data: Financial Modeling Prep; Chart: Ben Geman/AxiosOil prices surged about 9% Monday to roughly $83 per barrel after President Trump claimed the U.S. was reinstating a naval blockade on Iran, adding to gains already driven by renewed hostilities over the weekend.Why it matters: Higher oil prices typically feed into higher gasoline prices, potentially…

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Trump re-imposes Iran blockade and demands 20 percent tariff on ALL exports through Strait of Hormuz as oil prices skyrocket

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Iran Sneaking Out Tankers Via Hormuz as Trump Amps Up Threats

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Trump says U.S. reinstating Iran blockade in Strait of Hormuz

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