Oil markets are moving higher as traders react to recent developments in the Middle East.
Oil prices spiked after the U.S. announced a Hormuz blockade. Leveraged oil ETFs like ERX, GUSH, DIG and OILU could benefit.

Crude Rises as Middle East Tensions Escalate

10:05am, Tuesday, 14'th Jul 2026
The oil markets continue to react to Middle East tensions.
The International Energy ​Agency has warned that the EU's methane emissions rules could limit the oil supplies available ‌to the bloc, as member states prepare to discuss calls from Germany and ot
Brent crude futures have jumped 15% already this week as tensions between the U.S. and Iran have escalated.

Morning Bid: Oil boils

06:32am, Tuesday, 14'th Jul 2026
What matters in U.S. and global markets today
Brent crude oil rose back above $85 a barrel for the first time in a month in early European trade following the third straight night of U.S. attacks on Iran, and its renewed blockade on Iranian trade
Travel companies led the falls among FTSE 350 stocks on Tuesday as oil prices climbed to their highest level in more than a month following fresh US military action against Iran. Holiday Inn owner Int
U.S. crude inventories stayed near minimum operating levels while refined product demand remained firm amid ongoing economic activity. WTI held $79.57 support, Brent defended $84.76, and Natural Gas c
Oil prices remain bullish as Strait of Hormuz tensions support the rally, with WTI targeting $88 and Brent moving toward $90.
President Donald Trump has proposed to impose a 20% fee on cargo passing through the Strait of Hormuz. Lipow Oil Associates estimates that Trump's proposed fee would effectively add about $16 a barrel

Oil Rises Amid Escalating Mideast Conflict

08:40pm, Monday, 13'th Jul 2026
Oil rose amid the escalating Middle East conflict. The U.S. launched its third straight night of strikes on Iran following President Trump's announcements of a multiday wave of attacks and a fresh blo
Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz. Trump said Monday that the U.S. will levy fees on ships transiting the Str
Carley Garner and Melissa Armo discuss why oil prices have remained relatively restrained despite rising geopolitical tensions and what that could mean for investors. They highlight Chevron (CVX) as a
International crude price climbed nearly 10% as President Trump said he would reimpose U.S. blockade.
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