Brent climbs toward $85 as tanker attacks and US strikes stall Hormuz traffic

Brent traded at $85.02 a barrel on July 14, up about 2% from the prior close, with a session high of $87.39. The move followed attacks on shipping in the Strait of Hormuz that slowed traffic to near standstill, including attacks on Emirati tankers, and US Central Command strikes on Iran. Renewed fighting had started on July 7 after attacks on three tankers.

• Brent at $85.02, up 2.06% on the day
• Session high $87.39
• Hormuz traffic near standstill after tanker attacks
• Renewed fighting since July 7