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Oil Advances Above $85 on Hormuz Tensions

Oil Advances Above $85 on Hormuz Tensions
Bloomberg Markets Tuesday 14 July 2026, 05:35 UTC 1 min read
Key Points

Jul 14th, 2026 Oil Advances Above $85 on Hormuz Tensions Brent oil rose above $85 a barrel for the first time in a month, as US President Donald Trump reimposed a blockade on Iranian ships transiting the Strait of Hormuz and demanded payment for all other cargo. Bloomberg's Rong Wei Neo reports.

Jul 14th, 2026 Oil Advances Above $85 on Hormuz Tensions Brent oil rose above $85 a barrel for the first time in a month, as US President Donald Trump reimposed a blockade on Iranian ships transiting the Strait of Hormuz and demanded payment for all other cargo. Bloomberg's Rong Wei Neo reports. [Image text:] 84.90/84.92 Prev 83.30 G #BTV 11584:Brent Crude w/Change 01184.92 .67 3x3 OpenInt 419937 At1:08Vo142797 0p.84.00 HL85.64 94 Suggested Charts 96) Actions 98 Enable Save L083.68 C01Comdty Edit Chart F 07/14/2026> Local cCy 07/14/2025 Add Data 6MYTD1Y 5Y Max Daily Table 1D3D1M Crude Surges on Hormuz Tensions Monday's gain was largest since 2020 -120 TracArnotateews Zoom 110 Brent Crude84.92 100 84.92 70 -60 10.77 .87 =One-Day Percent Change 1.87 Aug Sep Oct 2025 NOV Dec Jan Fet Mar 2026 May Jun Jul Bloomberc DaybreakEurope BRENT CRUDEHITS$85BBLFORFIRSTTIMEINAMONTH
Oil Advances Above (ORG) Hormuz Tensions Jul 14th (EVENT) Hormuz (LOCATION) US (LOCATION) Donald Trump (PERSON) Iranian (ORG) the Strait of Hormuz (LOCATION) Bloomberg (ORG) Rong Wei Neo (PERSON)
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