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Oil prices jump more than 7% after Iran and U.S. attack ships as tensions escalate over Strait of Hormuz

Posted on April 19, 2026
By CNBC
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1 min read

Oil prices jump more than 7% after Iran and U.S. attack ships as tensions escalate over Strait of Hormuz

Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.