Oil prices jump to multi‑week highs as Hormuz shipping curbed by U.S. blockade and recent attack on Cyprus‑flagged ship
Question
Oil prices jump to multi‑week highs as Hormuz shipping curbed by U.S. blockade and recent attack on Cyprus‑flagged ship
Direct answer
Brent crude futures (LCOc1) climbed roughly 3% to around $86/bbl and WTI futures (CLc1) to about $80–80.4/bbl, lifting broader energy complexes and supporting commodity‑linked FX such as AUD/USD and CAD/USD.
- Original publisher
- Market Ontology
- Evidence through
- 2026-07-14
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “Oil prices jump to multi‑week highs as Hormuz shipping curbed by U.S. blockade and recent attack on Cyprus‑flagged ship”, revision 1, evidence through 2026-07-14. https://marketontology.com/market-events/2026-07-14/oil-prices-jump-to-multi-week-highs-as-hormuz-shipping-curbed-by-u-s-blockade-an-54a010
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