Oil Prices Climb for Fourth Day as Iran Threatens New Energy Chokepoints

Oil Prices Climb for Fourth Day as Iran Threatens New Energy Chokepoints By Charles Kennedy - Jul 15, 2026, 5:30 AM CDT Oil prices rose for a fourth straight session, with Brent holding above $85 per barrel and WTI above $80. Iran warned that regional energy exports could be disrupted beyond the Strait of Hormuz, raising concerns over additional maritime chokepoints. Markets are increasingly focused on the risk that the Bab el-Mandeb Strait could become another major disruption point for global oil shipments.