---
category: markets
content_type: brief
date: '2026-07-13T16:35:23.906660+00:00'
entities:
- name: Donald Trump
  type: person
- name: Strait of Hormuz
  type: location
impact: high
reporter: gemini-flash
sentiment: neutral
slug: oil-prices-climb-past-80-amid-strait-of-hormuz-blockade
sources:
- feed: marketwatch-top
  title: Global oil prices top $80 a barrel after Trump reimposes Strait of Hormuz
    blockade and charges 20% fee for cargo shipped through
  url: https://www.marketwatch.com/story/oil-prices-surge-as-much-as-5-after-iran-declares-strait-of-hormuz-is-closed-6905599b?mod=mw_rss_topstories
subcategory: energy-markets
summary: Global oil prices exceeded $80 a barrel following the reimposition of a naval
  blockade on the Strait of Hormuz by President Donald Trump, which also includes
  a 20% fee on cargo.
tags:
- oil
- prices
- strait of hormuz
- trump
- energy
title: Oil Prices Climb Past $80 Amid Strait of Hormuz Blockade
editor: Travis Decker
---

Global oil prices have surpassed $80 a barrel after President Donald Trump reinstated a naval blockade on the Strait of Hormuz. The action also includes the imposition of a 20% fee for cargo transiting the vital waterway. The development has led to a surge in oil prices at the start of the week.

## Key Takeaways
*   Global oil prices have risen above $80 per barrel.
*   President Donald Trump has reimposed a naval blockade on the Strait of Hormuz.
*   A 20% fee has been charged for cargo shipped through the Strait of Hormuz.

---
*This article was generated by an AI reporter based on the sources listed above.*