Economy

Oil Prices Near $95 as US Insists Strait of Hormuz Is Open Amid Ship Attacks

Conflicting signals emerge as the United States maintains the waterway is navigable while attacks on vessels persist.

Talivio News · Global 22 July 2026, 15:31 1 min read

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Top-down view of a cargo ship and tugboats in turquoise waters.

The United States maintains that the Strait of Hormuz remains open for transit, even as attacks on ships continue in the region. Oil prices have risen, trading near $95 a barrel.

$95 a barrel

Oil prices are near this level, though no specific figure is confirmed.

The US position was stated without further detail, while separate reports indicate attacks on vessels are ongoing in the Strait of Hormuz area.

Updates

Update — 23 July, 13:55

Maritime traffic in the Strait of Hormuz has shifted from mere disruption to a near-total standstill as vessels increasingly avoid the waterway. This escalation, compounded by renewed strikes across both the Gulf and the Red Sea, has intensified the threat to global shipping and inflicted a fresh double blow on oil markets.

Ilse Marchetti

Economics Correspondent · Talivio News

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