Oil price rises after Iran says it stops ships in Hormuz
Business
Finance
Politics
August 1, 2026
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(Reuters) – Oil prices rose on Friday after Iran said it had stopped two vessels seeking to exit the Strait of Hormuz, underscoring concerns over global energy supplies following a drone attack on ships in a Mediterranean Egyptian port this week.
Iran said four other tankers turned back after its forces intervened, although the Iranian reports could not independently confirmed.
Two large tankers carrying oil loaded from the Gulf were recorded passing through the strait, a narrow waterway between Iran and Oman that normally carries about one-fifth of the world’s energy shipments.
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