Oil Prices Tick Higher as U.S. Reinstates Iran Blockade

NYT Business Wednesday 15 July 2026, 10:03 UTC By Katie Robertson 1 min read

Key Points

The United States reinstated its blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway.

U.S. (LOCATION) The United States (LOCATION) Iranian (ORG) the Strait of Hormuz (LOCATION)

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Oil Prices Tick Higher as U.S. Reinstates Iran Blockade

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