Oil prices are surging to a one-month high as the U.S. reinstates its Iran blockade

Oil prices rose more than 7% to a two-week high after President Trump declared the Iran ceasefire over. Joseph Majkut, director of the Energy Security and Climate Change Program at the Center for Strategic and International Studies, joins with analysis.

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National story. 13 articles from 10 sources. Updated Jul 15, 2026.

Part of The US-Iran war: oil prices, gas prices and the market fallout

How each side is putting it

Left

5 sources
QuartzLean Left· Jul 14, 2026

Oil prices are surging to a one-month high as the U.S. reinstates its Iran blockade

The WeekLean Left· Jul 14, 2026

Oil prices jump as US renews Iran strikes

SemaforLean Left· Jul 14, 2026

Oil prices surge 10% as US-Iran conflict reignites

AxiosLean Left· Jul 13, 2026

Oil jumps as Trump claims new Hormuz blockade on Iran

NBC NewsLean Left· Jul 13, 2026

Oil surges more than 9% after Trump reimposes Iran blockade

Center

3 sources
Digital JournalCenter· Jul 13, 2026

Oil prices spike on fresh US-Iran attacks, tech weighs on stocks again

France 24Center· Jul 9, 2026

Oil prices stabilise after renewed US-Iran strikes rock peace hopes

CBS NewsCenter· Jul 8, 2026

Why oil prices could go up faster than when Iran war first broke out if renewed fighting lasts long

Right

2 sources
Oil PriceLean Right· Jul 15, 2026

Oil Prices Climb for Fourth Day as Iran Threatens New Energy Chokepoints

Just the NewsLean Right· Jul 14, 2026

Oil prices surge amid renewed Iran fighting

Oil PriceLean Right· Jul 13, 2026

Oil Prices Surge 8% After Trump Reimposes Iran Blockade

Oil PriceLean Right· Jul 13, 2026

Why Renewed Iran Tensions Could Keep Fuel Prices Elevated

Oil PriceLean Right· Jul 9, 2026

Oil Price Surge Shows Markets Were Too Relaxed About Iran Deal

The story so far

3 developments
  1. Jul 8Only center coverage:Why oil prices could go up faster than when Iran war first broke out if renewed fighting lasts long
  2. Jul 13Oil Prices Surge 8% After Trump Reimposes Iran Blockade
  3. Jul 14Oil prices are surging to a one-month high as the U.S. reinstates its Iran blockade

Who covered each development

No new developments

Quiet for 95 days

Last development · Jul 14 — Oil prices are surging to a one-month high as the U.S. reinstates its Iran blockade

The bigger story