Iran declares closure of the Strait of Hormuz
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Story essentials
Iran's joint military command
Strait of Hormuz
June 2026
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Oil prices rise to six-week high amid escalating US-Iran tensions
Brent crude rose 1.5% to $97.73 per barrel. U.S. military struck three Iranian oil tankers after Iran launched missiles at Navy warships. Saudi Aramco facilities in Jizan were hit by fresh attacks.
Related book
The Prize: The Epic Quest for Oil, Money, and Power
Author: Daniel Yergin
This definitive history of the global oil industry provides essential context on why the Strait of Hormuz is the world's most critical energy chokepoint and how oil supply disruptions have historically shaped global conflict and economic policy.
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