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Wednesday, 22 July 2026
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 1 min read
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Top-down view of a cargo ship and tugboats in turquoise waters. Nadzli Azlan

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.

Ilse Marchetti

Economics Correspondent · Talivio News

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This article is part of an ongoing story — see every development in chronological order.

Sources

  1. cbsnews.com — Oil prices soar as U.S. insists Strait of Hormuz is open amid ongoing attacks (opens in a new window)
  2. CBS News — Iran War Updates: Oil back near $95 a barrel as U.S. insists Strait of Hormuz is open despite attacks on ships (opens in a new window)
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