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At Close: Jul 13, 2026

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
Geopolitical events can and have had a quick impact oil prices and stocks. Both bullish and bearish cases for oil are supported by recent data, but energy stocks may warrant a higher portfolio weighti
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
BP and Shell shares have staged a strong comeback this week, helped by rising crude oil prices. BP jumped to 505p, its highest point since June 22, and 12.2% above its lowest level this year.
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 prices rose 2% on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped ​up attacks in the Strait of Hormuz, heightening uncert

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
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