{
  "id": 7264764,
  "title": "Iran live updates: Oil prices rise after strikes in Saudi Arabia, Strait of Hormuz",
  "url": "https://urgent.news/2026/09/14/iran-live-updates-oil-prices-rise-after-strikes-in-saudi-arabia",
  "topic": "world",
  "section": "World",
  "published": "2026-09-14T07:16:19.000Z",
  "source": {
    "name": "ABC News (US)",
    "slug": "abc-news-us",
    "url": "https://abcnews.com/International/live-updates/iran-live-updates-oil-prices-rise-after-strikes/?id=136415261"
  },
  "original_language": "en",
  "account": "The price of oil rose sharply on Monday after the United States launched major combat operations in response to Iran's attacks on Saudi Arabian infrastructure. Brent crude oil prices surged past $107 a barrel, marking a nearly 3% increase, while U.S. benchmark WTI crude oil reached approximately $103 per barrel, also up around 3%. These prices reflect the global impact of the conflict and the strategic importance of the Strait of Hormuz, where multiple commercial vessels have been targeted in recent strikes.\n\nPrior to the U.S. military actions, President Donald Trump announced a \"crushing economic operation\" aimed at pressuring Iran into submission. This comes after a series of joint U.S.-Israeli strikes in February, which targeted military, government, and infrastructure sites across Iran. Despite ongoing negotiations between the U.S. and Iran aimed at a war-ending deal, the talks have repeatedly stalled as both nations continue to exchange retaliatory strikes.\n\nThe recent diplomatic efforts were further complicated by the postponement of a planned meeting in Oman, where representatives from Iran and regional countries were to discuss arrangements for shipping through the Strait of Hormuz. Omani Foreign Minister Badr Albusaidi, speaking on X, emphasized the importance of consensus but noted the postponement in the interests of achieving it. Despite these developments, Trump remains optimistic about the potential for a resolution, suggesting the conflict could end \"right after the midterms,\" though he did not rule out an earlier conclusion.",
  "summary": "The strategic Strait of Hormuz remains the conflict's primary flashpoint.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Al Jazeera",
        "title": "Iran war live: Oman says Hormuz talks with Iran, Gulf states postponed",
        "url": "https://urgent.news/2026/09/14/iran-war-live-oman-says-hormuz-talks-with-iran-gulf-states-postponed",
        "published": "2026-09-14T00:00:00.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "US-Iran war LIVE: Iran's meeting with Gulf leaders on Strait of Hormuz proposal postponed amid fresh attacks",
        "url": "https://urgent.news/2026/09/14/us-iran-war-live-irans-meeting-with-gulf-leaders-on-strait-of-hormuz",
        "published": "2026-09-14T01:15:23.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Korea, US to hold high-level defense talks amid Hormuz deployment consideration",
        "url": "https://urgent.news/2026/09/14/korea-us-to-hold-high-level-defense-talks-amid-hormuz-deployment",
        "published": "2026-09-14T01:47:03.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "Oman postpones GCC-Iran meeting on Strait of Hormuz as oil prices rise on supply fears",
        "url": "https://urgent.news/2026/09/14/oman-postpones-gcc-iran-meeting-on-strait-of-hormuz-as-oil-prices",
        "published": "2026-09-14T03:12:02.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Oil prices up over 3% following new strikes on Saudi, Strait of Hormuz",
        "url": "https://urgent.news/2026/09/14/oil-prices-up-over-3-following-new-strikes-on-saudi-strait-of-hormuz",
        "published": "2026-09-14T05:46:30.000Z"
      },
      {
        "outlet": "Ghanaian Times",
        "title": "New report of attack on Strait of Hormuz threatens oil supplies",
        "url": "https://urgent.news/2026/09/14/new-report-of-attack-on-strait-of-hormuz-threatens-oil-supplies",
        "published": "2026-09-14T07:26:22.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Oil prices near 4-month high as Iran and Oman delay Strait of Hormuz talks",
        "url": "https://urgent.news/2026/09/14/oil-prices-near-4-month-high-as-iran-and-oman-delay-strait-of-hormuz",
        "published": "2026-09-14T08:07:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}