Iran disputes Trump claims as Strait of Hormuz remains blocked and oil prices rise

CNBC · Yahoo Finance · first seen 13.08.2026

Crude oil prices remain supported globally and are rising due to supply disruptions, worsening oil spills near Oman, and the continued closure of the critical Strait of Hormuz where traffic has sunk to near 3-month lows while Iran disputes Trump's claims.

Crude oil prices continue to find price support due to the continued closure of the Strait of Hormuz
The Persian Strait Gulf Authority stated the Strait of Hormuz remains blocked
Traffic in the Strait of Hormuz sank to near 3-month lows
Oil prices rose due to supply disruptions and a worsening oil spill near Oman following vessel attacks

Iran disputes Trump claims as Strait of Hormuz remains blocked and oil prices rise

Sources

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Hormuz stalemate raises risk of oil reaching $120 per barrel