Oil jumps on Iran strikes, Hormuz shipping incident

🌐 Channel NewsAsia (Singapore) — 2026-07-20

Oil prices surged following military strikes in Iran and an incident near the strategic Strait of Hormuz, intensifying concerns over regional stability and energy supply risks. The developments affected shipping routes and raised global oil market tensions.

Politics Markets Energy Shipping oil prices Iran strikes Hormuz incident energy supply shipping routes Middle East tensions

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Oil jumps on Iran strikes, Hormuz shipping incident

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