{"id":11400,"date":"2026-07-20T09:36:50","date_gmt":"2026-07-20T04:36:50","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=11400"},"modified":"2026-07-20T09:36:50","modified_gmt":"2026-07-20T04:36:50","slug":"oil-jumps-as-trump-claims-new-hormuz-blockade-on-iran","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=11400","title":{"rendered":"Oil jumps as Trump claims new Hormuz blockade on Iran"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/graphics.axios.com\/hermesv2\/2026-07-13-1458-brent-crude-oil\/fallbacks\/2026-07-13-1458-brent-crude-oil-fallback.png\" \/><\/p>\n<div>Data: <a href=\"https:\/\/urldefense.com\/v3\/__https%3A\/\/financialmodelingprep.com__;!!Al82Z4c!03kExSB3fMAGox9pOMnY6BhSIlLsDzPIVAwMktQNA0W6scj_51b1YxBPZmnzahBr6YYcuzoT$\" target=\"_blank\">Financial Modeling Prep<\/a>; Chart: Ben Geman\/Axios<\/div>\n<p>Oil prices surged about 9% Monday to roughly $83 per barrel after President <a href=\"https:\/\/www.axios.com\/2026\/07\/13\/trump-iran-blockade-strait-hormuz\" target=\"_blank\">Trump claimed<\/a> the U.S. was reinstating a naval <a href=\"https:\/\/x.com\/CENTCOM\/article\/2076732825349628250\" target=\"_blank\">blockade<\/a> on Iran, adding to gains already driven by <a href=\"https:\/\/www.axios.com\/2026\/07\/11\/iran-strikes-cargo-ship-in-strait-of-hormuz-defying-us-ultimatum\" target=\"_blank\">renewed hostilities<\/a> over the weekend.<\/p>\n<p><strong>Why it matters:<\/strong> Higher oil prices typically feed into higher gasoline prices, potentially <a href=\"https:\/\/x.com\/GasBuddyGuy\/status\/2076725033049743849\" target=\"_blank\">pushing<\/a> the national average back toward $4 per gallon.<\/p>\n<hr>\n<p><strong>Context: <\/strong>The average U.S. price was $3.87 per gallon Monday morning, per <a href=\"https:\/\/gasprices.aaa.com\/\" target=\"_blank\">AAA data<\/a>, up about 7 cents over the past week but far below the <a href=\"https:\/\/www.axios.com\/2026\/05\/20\/gas-prices-us-iran-war-4-dollars-50-states\" target=\"_blank\">$4.56 per gallon<\/a> reached in May.<\/p>\n<p><strong>Catch up quick: <\/strong>&#8220;The <a href=\"https:\/\/www.axios.com\/2026\/06\/25\/iran-ship-attacked-strait-hormuz-un-sailors-evacuation-paused\" target=\"_blank\">Hormuz Strait<\/a> is OPEN, and will remain OPEN, with or without Iran,&#8221; Trump <a href=\"https:\/\/truthsocial.com\/%40realDonaldTrump\/posts\/116913091653271692\" target=\"_blank\">wrote<\/a> on his Truth Social account Monday.<\/p>\n<ul>\n<li>&#8220;We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran&#8217;s ships or customers from entering or leaving. All other countries will have fair and open use of <a href=\"https:\/\/www.axios.com\/2026\/03\/05\/iran-war-strait-of-hormuz-shutdown-us-global-economy\" target=\"_blank\">the Strait<\/a>,&#8221; Trump said.<\/li>\n<li>The U.S. will seek reimbursement &#8220;at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security,&#8221; he added.<\/li>\n<\/ul>\n<p><strong>Reality check:<\/strong> Despite Trump&#8217;s claim of an open strait, vessel tracking services like <a href=\"https:\/\/x.com\/Kpler\/status\/2076600222109630907\" target=\"_blank\">Kpler<\/a> have reported a steep decline in ships <a href=\"https:\/\/x.com\/Rory_Johnston\/status\/2076648580043960378\" target=\"_blank\">transiting<\/a> the waterway in recent days, reversing much of the revival that followed the signing of the U.S.-Iran memorandum of understanding.<\/p>\n<ul>\n<li> This includes a <a href=\"https:\/\/cdn.roxhillmedia.com\/production\/email\/attachment\/1830001_1840000\/8fd6dbe83be9dacd74473db062c8360b415943f5.pdf\" target=\"_blank\">reduction<\/a> of inbound oil tankers entering the Strait to load, per the research and consulting firm S&amp;P Global Energy.<\/li>\n<\/ul>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>Data: Financial Modeling Prep; Chart: Ben Geman\/Axios Oil 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":11401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/graphics.axios.com\/hermesv2\/2026-07-13-1458-brent-crude-oil\/fallbacks\/2026-07-13-1458-brent-crude-oil-fallback.png","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-11400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-political-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/11400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11400"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/11400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/11401"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}