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IRGC Closes Hormuz After US Strikes, Oil Jumps

7/13/2026

35 8 Full Breakdown

Summary

Story summary

IRGC closed the Strait of Hormuz after U.S. strikes on ~140 targets.
Oil rose 4% in Asia; Brent >$79, WTI $74.36.
Iranian missiles and drones injured three in Qatar and triggered alerts in Bahrain, Kuwait, Oman, Jordan.
After a U.S. wave of >300 strikes, analysts said the chance of an Iranian closure by July 31 rose to 30% from 16% and successor Mojtaba Khamenei called for revenge after his father's death.

History

Historical Context

In 2019 Iran warned it would close the Hormuz Strait after U.S. sanctions, heightening oil-price concerns. The pattern repeated in February 2026 when the IRGC sealed the waterway following U.S. and Israeli airstrikes, prompting missile attacks on Qatar and alerts in Bahrain, Oman and Jordan. Because roughly 20 % of global oil flows through Hormuz, each closure spikes world oil prices.

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Story summary

IRGC closed the Strait of Hormuz after U.S. strikes on ~140 targets.
Oil rose 4% in Asia; Brent >$79, WTI $74.36.
Iranian missiles and drones injured three in Qatar and triggered alerts in Bahrain, Kuwait, Oman, Jordan.
After a U.S. wave of >300 strikes, analysts said the chance of an Iranian closure by July 31 rose to 30% from 16% and successor Mojtaba Khamenei called for revenge after his father's death.

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