Oil rises $2 as Iran announces closure of Strait of Hormuz following US strikes
- Posted on June 11, 2026
- By Business News Today
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- 1 min read
Oil rises $2 as Iran announces closure of Strait of Hormuz following US strikes
Oil prices jumped significantly on Thursday. Iran announced the closure of the Strait of Hormuz, a vital shipping route. This action followed new U.S. strikes against Iran. The U.S. military stated that commercial ships are still using the strait. U.S. crude inventories also saw a substantial decrease. These events are impacting global oil supplies.
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