Oil climbs to one-month high as US, Iran step up attacks in Strait of Hormuz

The United States began a third consecutive night of strikes against Iran. Yemen's Houthi movement fired missiles at Saudi Arabia after accusing the kingdom. Crude oil stockpiles are expected to have fallen last week.

Jul 15, 2026 - 01:30
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Oil climbs to one-month high as US, Iran step up attacks in Strait of Hormuz
The United States began a third consecutive night of strikes against Iran. Yemen's Houthi movement fired missiles at Saudi Arabia after accusing the kingdom. Crude oil stockpiles are expected to have fallen last week.

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