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International Business Times UK

Business

Chrys Brent Deiparine

Strait of Hormuz Crisis: Oil Surges 6% After Iranian Forces Attack Three Tankers, Prompting US Retaliation

Oil United States Iran Donald Trump Ryan Sweet Strait of Hormuz Tehran Washington D.C.

Oil prices surged more than 6% and US stocks retreated on Wednesday after attacks on three commercial tankers in the Strait of Hormuz prompted a swift American response, reigniting fears that the fragile ceasefire between Washington and Tehran could be unravelling.

The US Iran ceasefire is over.

Oil up 5% to $74. Nasdaq down 1.3% pre-market. FTSE down 1.5%. DAX down 2%.
The Strait of Hormuz is back in focus. It is all kicking off again 👀#Iran #OilPrice #Hormuz #IGMarkets pic.twitter.com/58k2eEG41h
— IG (@IGcom) July 8, 2026

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