Oil Surges 9% as Trump Reinstates Hormuz Blockade

에너지/원자재 | Tue Jul 14 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 10 sources

Brent crude broke above $83 per barrel and global markets shifted to risk-off mode as the US reinstated its blockade on Iran and launched military strikes.

Analysis

[Donald Trump] reinstated US Navy blockade on Iranian vessels in the Strait of Hormuz and declared a 20% transit toll ^[3][4][10]

• Reintroduced US Navy blockade targeting Iranian vessels and their customers
• Demanded a 20% transit toll on cargo from other countries
• Named the policy IRANIAN BLOCKADE on social media
• International Maritime Organization (IMO) immediately pushed back
• stating there is no legal basis for the toll

[Brent Crude] surged more than 9% in a single day, breaking above $83 per barrel ^[9][10][3]

• Recorded the largest daily gain in over six years
• Rebounded to a four-week high
• Jumped from $71 to $83 in one week
• Previously spiked to $128 during the US-Israel attack on Iran in February

[US-Iran Military Conflict] resumed US airstrikes and launched cruise missile attacks on Iranian tankers ^[6][10]

• US Central Command struck approximately 140 targets inside Iran
• Iran's Revolutionary Guard claimed strikes on US military bases in the Gulf region
• Iran declared the strait closed while the US maintained its position on freedom of navigation
• Collapse of the June 18 peace agreement

[US Strategic Petroleum Reserve (SPR)] depleted reserves to their lowest level since the 1980s ^[1]

• Government report highlights serious aging infrastructure issues
• Major equipment failures
• leaks
• and spill incidents reported
• Reduced emergency response capacity amid escalating Iran crisis
• Compounded risk alongside the Hormuz blockade

[Global Financial Markets] saw stocks and bonds decline together with gold prices correcting ^{[2][5][8][10]}

• S&P 500 fell 0.8%
• Nasdaq dropped 1.55%
• Investors shifted to risk-off mode
• Hawkish Fed remarks raised the prospect of rate hikes
• Concerns spread over accelerating inflation

[Dubai] announced plans to build a new port on the UAE's east coast to bypass Hormuz ^[7][10]

• Significant logistics strategy shift following the US-Iran war
• Expansion of handling capacity on the UAE's east coast
• Aimed at avoiding the risk of a strait blockade
• ExxonMobil
• Chevron and other oil stocks up significantly year-to-date

Sources

• [1] The U.S. is maxing out its strategic oil reserves as Trump vows to control the Strait of Hormuz - MarketWatch Top Stories
• [2] Gold Holds Decline on Renewed Hormuz Blockade and Hawkish Fed - Bloomberg Markets
• [3] Oil Extends Gains as Trump Reinstates Blockade on Iranian Ships - Bloomberg Markets
• [4] US Hits Iran With Strikes, Blockade as Trump Plans Hormuz Charge - Bloomberg Markets
• [5] Oil Extends Advance, Asian Stocks Set to Decline: Markets Wrap - Bloomberg Markets
• [6] US launches air strikes as Iran targets tankers with cruise missiles - Financial Times
• [7] Dubai plans new port to bypass Strait of Hormuz - Financial Times
• [8] Stocks and bonds drop as mounting US-Iran tensions spook investors - Financial Times
• [9] Crude oil soars more than 9% as Trump reimposes Hormuz blockade, resumes military strikes - Seeking Alpha Market News
• [10] President Trump Moves to Reinstate a Blockade of the Strait of Hormuz as Oil Prices Jump Above $79 a Barrel. Are Oil Stocks Worth Buying Now? - The Motley Fool