Oil prices rise as U.S. and Iran fight for control of Strait of Hormuz
Oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman. Elke Scholiers | Getty Images Oil prices rose Sunday evening after the U.S. and Iran traded strikes as they contest control of the Strait of Hormuz, one of the most important trade routes for global energy supplies….
