# Crude Oil Soars Over 9% as Trump Reimposes Hormuz Blockade, Resumes Military Strikes Crude oil prices surged by more than 9%. - **Source:** [Breaking News on Seeking Alpha](https://brifing.si/source/9a596115-e1cc-45e7-b5ba-070be9ea2998) - **Published:** 2026-07-13 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/69dec467-ed19-4206-b92a-c2d2bb0ac2df ## Surge in Crude Oil Prices Crude oil prices surged by more than 9% as the Trump administration reimposed a blockade on the Strait of Hormuz and resumed military strikes. This caused fluctuations in global energy markets. ## Importance of the Strait of Hormuz The Strait of Hormuz is a crucial passage for global oil trade. The blockade here severely impacted oil supply, leading to a rapid increase in prices. ## Trump's Policies The Trump administration is increasing its military presence in the region to control oil trade. This move has created uncertainty in global markets. ## Impact on Energy Markets The rise in crude oil prices caused fluctuations in energy markets. This situation could have significant consequences for both producers and consumers. ## Global Economic Implications The increase in oil prices could also affect the global economy. Rising energy costs may put pressure on inflation and economic growth. ## Future Expectations Developments in the Strait of Hormuz will determine the future trajectory of oil prices. Political and military developments may continue to cause market fluctuations. ## Sources covering this story - https://seekingalpha.com/news/4613406-crude-oil-soars-more-than-9-as-trump-reimposes-hormuz-blockade-resumes-military-strikes?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._