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Oil gains over 2% as Mideast tensions and Hormuz toll prospects raise supply worries

Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.

Oil gains over 2% as Mideast tensions and Hormuz toll prospects raise supply worries

Published July 14, 2026 · Category: Finance

Overview

Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.

Source

Originally published at www.cnbc.com.

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