{"id":13230,"date":"2026-07-13T05:34:00","date_gmt":"2026-07-13T01:34:00","guid":{"rendered":"https:\/\/omanet.om\/news\/economy\/oil-prices-hormuz-disruption-surge\/"},"modified":"2026-07-13T18:27:33","modified_gmt":"2026-07-13T14:27:33","slug":"oil-prices-hormuz-disruption-surge","status":"publish","type":"post","link":"https:\/\/omanet.om\/news\/en\/oil-prices-hormuz-disruption-surge\/","title":{"rendered":"Oil Prices Surge Amid Hormuz Disruption: What This Means for Oman\u2019s Energy Sector and Investors"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p>Oil prices surged over 3% on Monday amid escalating military tensions between the United States and Iran, raising renewed concerns about energy shipments passing through the strategic Strait of Hormuz.<\/p>\n<p>Brent crude futures rose by $2.67, or 3.51%, reaching $78.68 per barrel at 07:43 GMT. Similarly, U.S. West Texas Intermediate (WTI) crude increased by $2.48, or 3.47%, to $73.89 per barrel.<\/p>\n<p><strong>Oman Crude for September delivery saw a rise of $2.82, settling at $72.11 per barrel on Monday. Notably, the average monthly price of Omani crude for July delivery hit $102 per barrel.<\/strong><\/p>\n<p>Analysts from ANZ commented that \u201cshipping operators are adopting a cautious approach, and inbound movements have slowed amid heightened security concerns.\u201d<\/p>\n<p>The weekend witnessed renewed strikes between the U.S. and Iran, stoking fears of further escalation. Tehran launched attacks on U.S. facilities across the Gulf on Sunday and claimed to have closed the Strait of Hormuz once again.<\/p>\n<p>On Monday, Iran\u2019s Revolutionary Guards reported attacks on U.S. military bases in Kuwait and Bahrain. Before the conflict began in late February, the Strait of Hormuz was a critical chokepoint, handling about one-fifth of the world\u2019s daily oil and liquefied natural gas supplies.<\/p>\n<p>Ship-tracking data revealed that vessel traffic through the strait dropped to a five-week low on Sunday, with only six vessels transiting, according to Kpler.<\/p>\n<p>These escalating attacks cast doubt on the future of a recent interim U.S.-Iranian agreement signed last month, which aimed to reopen the strait and end the war after an additional 60 days of negotiations.<\/p>\n<p>Following the agreement, global oil supply increased by 4.1 million barrels per day in June; however, levels remained 9.4 million barrels per day below pre-war figures, according to the International Energy Agency\u2019s monthly report released last Friday.<\/p>\n<p>Despite Iran\u2019s declaration that it had closed the waterway after a vessel reportedly traveled an unauthorized route and was struck, U.S. President Donald Trump stated on Sunday that the Strait of Hormuz remains open to commercial traffic.<\/p>\n<p>Goldman Sachs projects that expanding pipeline capacity in the Middle East could protect more than 60% of pre-war Gulf oil exports from potential future disruptions in the Strait of Hormuz by the end of 2028.<\/p>\n<p>Their base-case forecast envisions pipeline capacity bypassing the strait increasing by 3.8 million barrels per day by the end of 2027 and reaching 7.3 million barrels per day cumulatively by the end of 2028. This could raise total effective bypass capacity to over 14 million barrels per day by the close of 2028.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>The recent surge in oil prices amid heightened U.S.-Iran tensions and disruptions in the Strait of Hormuz signals <strong>both risk and opportunity for Oman&#8217;s energy sector<\/strong>. Businesses must brace for <strong>increased price volatility and potential supply chain disruptions<\/strong>, while smart investors should monitor infrastructure expansions like Gulf pipeline capacity that aim to <strong>mitigate future risks and stabilize exports by 2028<\/strong>. Proactive diversification and leveraging Oman\u2019s strategic position could unlock significant gains in the evolving energy landscape.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices surged over 3% after renewed US-Iran military strikes heightened fears over shipments through the Strait of Hormuz. Brent crude rose to $78.68, US WTI to $73.89, and Oman Crude to $72.11. Vessel traffic hit a five-week low amid rising tensions.<\/p>\n","protected":false},"author":49,"featured_media":13231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[4003,328,3692],"class_list":["post-13230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-middle-east-conflict","tag-oil-prices","tag-strait-of-hormuz"],"jetpack_featured_media_url":"https:\/\/wp.omanet.om\/wp-content\/uploads\/2026\/07\/3451057.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/posts\/13230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/comments?post=13230"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/posts\/13230\/revisions"}],"predecessor-version":[{"id":13232,"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/posts\/13230\/revisions\/13232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/media\/13231"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/media?parent=13230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/categories?post=13230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/news\/en\/wp-json\/wp\/v2\/tags?post=13230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}