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WTI crude rose 2.9% intraday, breaching $80/bbl for the first time in a month. Brent crude climbed above $85/bbl, marking the highest level since June 12.

2026-07-14

WTI crude rose 2.9% intraday, breaching $80/bbl for the first time in a month. Brent crude climbed above $85/bbl, marking the highest level since June 12.

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2026-07-14

The UAE Defense Ministry said on July 14 two UAE tankers in the south shipping lane of the Strait of Hormuz were hit by two Iranian cruise missiles, killing one Indian crew member and injuring eight, four seriously. Both vessels caught fire; the mini

The UAE Defense Ministry said on July 14 two UAE tankers in the south shipping lane of the Strait of Hormuz were hit by two Iranian cruise missiles, killing one Indian crew member and injuring eight, four seriously. Both vessels caught fire; the ministry said fires are now under control. Iran has not responded. The ministry condemned the incident as a serious violation of international law and said it reserves the right to take all necessary measures to defend national sovereignty and security.
2026-07-14

President Trump said he will deliver a national address at 9pm Thursday (0900 Beijing Friday) as tensions around the Strait of Hormuz rise. He did not specify the subject. The timing and comment could indicate a renewed acceleration of conflict betwe

President Trump said he will deliver a national address at 9pm Thursday (0900 Beijing Friday) as tensions around the Strait of Hormuz rise. He did not specify the subject. The timing and comment could indicate a renewed acceleration of conflict between the US and Iran, despite expectations that both sides would enter talks after signing a memorandum of understanding.
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