Oil prices surge as US, Iran trade strikes over Strait of Hormuz

Published 13 July 2026 · finance

The latest fighting has pushed oil prices up by as much as 4 percent, with brent crude rising above $79 a barrel. Cornelia Meyer is

The latest fighting has pushed oil prices up by as much as 4 percent, with brent crude rising above $79 a barrel. Cornelia Meyer is a specialist on oil and gas markets, and also CEO at Meyer Resources. She says until there is consistent two-way traffic in the Strait of Hormuz, concerns will remain over supply. Find us on Check our website Check out our Instagram page Download AJE Mobile App

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