Oil prices surge as US-Iran conflict escalates
Story essentials
Donald Trump, US Central Command, Iranian Revolutionary Guards
Strait of Hormuz, Middle East
July 8, 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 87/8/2026, 8:11:20 PM
Oil prices rose over 4% following the collapse of the US-Iran memorandum of understanding. US airstrikes in the Strait of Hormuz and Iranian retaliatory strikes on Bahrain and Kuwait have heightened supply disruption fears. Multiple oil tankers have turned back from the Strait of Hormuz.
- Earlier version 77/8/2026, 8:01:18 PM
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- Earlier version 57/8/2026, 7:01:17 PM
- Earlier version 47/8/2026, 6:11:15 PM
- Earlier version 37/8/2026, 4:41:17 PM
- Earlier version 27/8/2026, 4:11:17 PM
- Earlier version 17/8/2026, 3:51:15 PM
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