S7/10Economic

Oil prices jump as US and Iran step up tit-for-tat strikes

Traders fear escalating hostilities could further restrict the flow of crude through the Strait of Hormuz

12 Jul 2026, 22:41 UTCSource: FT WorldOriginal source

Click a tag to subscribe via email/Telegram (manage channels in Account).

⚠️ This is a probabilistic forecast, not a guarantee. Accuracy is measured only on resolved scenarios; monitor confirmation indicators below.

Scenario analysis in progress…