Oil prices surge as US-Iran strikes intensify in Strait of Hormuz Oil prices spike to six-week highs as US-Iran strikes disrupt traffic in the crucial Strait of Hormuz.Share this: Oil prices surge as US strikes Iran, reversing slide to pre-war levelsDateJuly 7, 2026In relation toAl-JazeeraOil prices rise as US, Iranian strikes threaten Strait of Hormuz reopeningDateJune 28, 2026In relation toAl-JazeeraOil prices jump as US, Iran trade fire in Strait of HormuzDateMay 7, 2026In relation toAl-Jazeera