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Strait of Hormuz tensions spike as Iran attacks Gulf tankers amid US strikes, raising war risk premiums and oil prices.

Market News
13 Jul 2026
CNBC
View Source
Bearish
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Iran launched missile attacks on Emirati oil tankers in the Strait of Hormuz following US military strikes ordered by President Trump. The attacks killed one crew member and caused damage to the tankers, escalating regional tensions and disrupting shipping traffic through this critical energy route. The US reinstated a blockade and proposed a toll on ships passing through the strait, prompting increased war risk premiums and a sharp rise in oil prices. This escalation breaks a recent ceasefire and raises uncertainty over future commercial shipping and energy supply stability in the Gulf region.

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