Oil prices rise amid tensions in the Strait of Hormuz
Story essentials
Global oil markets, Iran
Strait of Hormuz
July 31, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 38/1/2026, 12:00:32 PM
Brent and WTI oil prices closed higher on July 31. Concerns over global crude flows increased due to reports of tankers turning back in the Strait of Hormuz. The ongoing conflict in Iran continues to disrupt shipping routes.
- Earlier version 28/1/2026, 11:50:30 AM
- Earlier version 18/1/2026, 9:40:27 AM
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