{"id":529291,"date":"2026-07-07T09:17:10","date_gmt":"2026-07-07T09:17:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/529291\/"},"modified":"2026-07-07T09:17:10","modified_gmt":"2026-07-07T09:17:10","slug":"oil-prices-rise-after-reported-iran-attack","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/529291\/","title":{"rendered":"Oil prices rise after reported Iran attack"},"content":{"rendered":"<p>A sailor observes the oil tanker HELGA, which is moored at one of Iraq&#8217;s southern offshore oil terminals near Basra, as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. <\/p>\n<p>Mohammed Aty | Reuters<\/p>\n<p>Oil prices rose on Tuesday morning following a report of an Iranian attack on commercial ships in the <a href=\"https:\/\/www.cnbc.com\/2026\/07\/07\/malacca-hormuz-oil-shipping-indonesia.html\" rel=\"nofollow noopener\" target=\"_blank\">strategically vital<\/a> Strait of Hormuz.<\/p>\n<p>The reported attacks in the waterway, which typically handles <a href=\"https:\/\/www.cnbc.com\/strait-of-hormuz-shutdown-a-visual-guide-to-worlds-key-oil-chokepoint\/\" rel=\"nofollow noopener\" target=\"_blank\">around 20%<\/a> of the world&#8217;s oil traffic, reaffirm the fragility of the U.S. and Iran&#8217;s interim peace agreement, as they negotiate a permanent end to their war.<\/p>\n<p>International benchmark <a href=\"https:\/\/www.cnbc.com\/quotes\/@LCO.1\/\" rel=\"nofollow noopener\" target=\"_blank\">Brent crude<\/a> futures with September delivery traded 1.5% higher at $73.09 per barrel, extending earlier gains.<\/p>\n<p>U.S. <a href=\"https:\/\/www.cnbc.com\/quotes\/@CL.1\/\" rel=\"nofollow noopener\" target=\"_blank\">West Texas Intermediate<\/a> futures with August delivery advanced 1.5% to $69.56, after closing at its lowest level since Feb. 27 in the previous session.<\/p>\n<p>Iran fired at least two missiles at ships navigating the Strait of Hormuz on Monday evening, Axios <a href=\"https:\/\/www.axios.com\/2026\/07\/07\/iran-resumes-hormuz-attacks-us-officials\" target=\"_blank\" rel=\"nofollow noopener\">reported<\/a>, citing two unnamed U.S. officials. The vessels suffered significant damage in the attack but no casualties, Axios said, according to one U.S. official.<\/p>\n<p>CNBC could not independently verify the report.<\/p>\n<p>The United Kingdom Maritime Trade Operations Centre, a British maritime security alert service, meanwhile, <a href=\"https:\/\/www.ukmto.org\/recent-incidents\" target=\"_blank\" rel=\"nofollow noopener\">said<\/a> Monday that it had received a report of an incident 8 nautical miles east of Limah, Oman. <\/p>\n<p>The UKMTO said a tanker had been struck by an unknown projectile while travelling southbound, resulting in a fire. No casualties were reported in the incident. <\/p>\n<p>Stock Chart IconStock chart icon<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/p>\n<p>Oil prices over the last three months.<\/p>\n<p>Washington and Tehran <a href=\"https:\/\/www.cnbc.com\/2026\/06\/14\/us-iran-war-peace-deal.html\" rel=\"nofollow noopener\" target=\"_blank\">signed<\/a> a memorandum of understanding last month to bring their nearly four-month war to an end. <\/p>\n<p>Indirect talks concluded last week without any sign of meaningful progress toward a lasting peace agreement. <\/p>\n<p>President <a href=\"https:\/\/www.cnbc.com\/donald-trump\/\" rel=\"nofollow noopener\" target=\"_blank\">Donald Trump<\/a> said Monday that the two countries would either make a deal or the U.S. would &#8220;finish the job,&#8221; renewing threats of military action against the Islamic Republic.  <\/p>\n<p>&#8220;The situation around the Strait of Hormuz remains unsettled. But as we have argued since March, both sides should ultimately have an interest in containing the conflict,&#8221; Holger Schmieding, chief economist at Berenberg, said in a research note published Friday. <\/p>\n<p>&#8220;Ahead of the mid-term elections to Congress on 3 November, US President Donald Trump wants low oil prices whereas the Revolutionary Guards in Tehran covet the money from potential sanctions relief,&#8221; they added.<\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A sailor observes the oil tanker HELGA, which is moored at one of Iraq&#8217;s southern offshore oil terminals&hellip;\n","protected":false},"author":2,"featured_media":529292,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[178109,6419,357,6420,54,1435,2973,42,30937,87,43,16755,238,114994,40,38,41,39,1032,30938],"class_list":["post-529291","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-lco26u","tag-breaking-news-politics","tag-business-news","tag-donald-j-trump","tag-donald-trump","tag-energy","tag-foreign-policy","tag-headlines","tag-ice-brent-crude-oct25","tag-iran","tag-news","tag-oil-and-gas","tag-politics","tag-strait-of-hormuz","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-united-states","tag-wti-crude-sep25"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/529291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=529291"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/529291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/529292"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=529291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=529291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=529291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}