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Oil Jumps 6% as US Ends Iran License, Strikes Sites

7/9/2026

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U.S. Strikes Iran
  • Global oil prices jumped 6% to over $78 a barrel, raising concerns about fuel costs for working families.
  • The United States revoked the temporary license permitting Iran to sell oil, ending the 60-day cease-fire allowance.
  • U.S. Central Command reported strikes on 80 Iranian sites, hitting air-defense and radar in Hormuz.
  • Senate Democrats said the fuel price surge and a $67 billion funding request hurt American families.
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