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Oil prices rise as the U.S. and Iran fight over control of Strait of Hormuz

Name: Oil prices rise as the U.S. and Iran fight over control of Strait of Hormuz
Uploaded: 2026-07-13T10:45:00-0400
Duration: 2 min 27 s
Description: Oil prices rose on Monday as the conflict between the U.S. and Iran intensified days after President Trump declared the countries' ceasefire agreement to be over. Iran claimed the Strait of Hormuz was closed as both sides exchanged more strikes over the weekend. Kristin Myers, ETF editor-in-chief at ASSET TV, joins CBS News to share her predictions.

Oil prices rose on Monday as the conflict between the U.S. and Iran intensified days after President Trump declared the countries' ceasefire agreement to be over. Iran claimed the Strait of Hormuz was closed as both sides exchanged more strikes over the weekend. Kristin Myers, ETF editor-in-chief at ASSET TV, joins CBS News to share her predictions.