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NEWS & RESOURCES

Oil Surges Over 10% as Hormuz Tensions Intensify

June 20, 2026

WTI crude jumped more than 10% this week after the US reinstated a naval presence near the Strait of Hormuz and Iran signalled its ceasefire had collapsed. Reports of strikes on regional military and logistics sites have raised fears of broader supply disruption, driving a sharp spike in volatility across energy markets.