{"id":750099,"date":"2026-07-08T08:02:07","date_gmt":"2026-07-08T08:02:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/750099\/"},"modified":"2026-07-08T08:02:07","modified_gmt":"2026-07-08T08:02:07","slug":"oil-prices-jump-after-u-s-and-iran-trade-strikes-in-persian-gulf","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/750099\/","title":{"rendered":"Oil Prices Jump After U.S. and Iran Trade Strikes in Persian Gulf"},"content":{"rendered":"<p class=\"css-140ip4z e1me5xab0\">Oil prices surged on Wednesday after U.S. and Iranian forces traded strikes in the Persian Gulf and the Trump administration <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2026\/07\/07\/us\/politics\/iran-oil-sanctions-tankers-attack.html?smid=url-share\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">revoked a waiver<\/a> that allowed Iran to sell oil in retaliation for <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2026\/07\/07\/world\/middleeast\/iran-war-oman-hormuz-tanker.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">attacks on tankers<\/a> in the Strait of Hormuz, a crucial conduit for the world\u2019s energy.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">U.S. Central Command said that it hit over 80 targets in Iran in an operation that concluded in the early hours of Wednesday morning in Iran. Among the targets were dozens of small boats used by the Iranian military, \u201cto degrade Iran\u2019s ability to continue attacking international commerce,\u201d according to U.S. forces.<\/p>\n<p class=\"css-140ip4z e1me5xab0\">Iran\u2019s military command responded by targeting 85 U.S. military sites in Bahrain and Kuwait on Wednesday and reiterating its claim to control traffic in the strait, prolonging a retaliatory cycle that could derail the nascent recovery in shipping traffic in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"Oil prices surged on Wednesday after U.S. and Iranian forces traded strikes in the Persian Gulf and the&hellip;\n","protected":false},"author":2,"featured_media":750100,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,177016,321702,177018,66067,177015,264830],"class_list":["post-750099","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-fees-and-rates","tag-freight-cargo","tag-oil-petroleum-and-gasoline","tag-persian-gulf","tag-prices-fares","tag-ships-and-shipping"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/750099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=750099"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/750099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/750100"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=750099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=750099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=750099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}