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After surging nearly 10% on Monday, oil prices continued to rise. Earlier, US President Donald Trump re-blocked Iranian ships passing through the Strait of Hormuz and charged tolls for all other goods transported through this important waterway. The price of Brent crude oil climbed above 85 US dollars per barrel, and the price of WTI crude oil rose above 80 US dollars per barrel. Trump is demanding 20% compensation for goods transported through the Strait of Hormuz; about US$30 million based on oversized tankers loaded with crude oil. The US military launched an attack on Iran on the third night, which may continue for several days.

Zhitongcaijing·07/14/2026 00:41:02
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After surging nearly 10% on Monday, oil prices continued to rise. Earlier, US President Donald Trump re-blocked Iranian ships passing through the Strait of Hormuz and charged tolls for all other goods transported through this important waterway. The price of Brent crude oil climbed above 85 US dollars per barrel, and the price of WTI crude oil rose above 80 US dollars per barrel. Trump is demanding 20% compensation for goods transported through the Strait of Hormuz; about US$30 million based on oversized tankers loaded with crude oil. The US military launched an attack on Iran on the third night, which may continue for several days.