As the military conflict between the US and Iran continues to escalate, market concerns about the risk of crude oil supply disruptions have further intensified. Crude oil prices rebounded rapidly during the day, with WTI crude oil regaining the level of $80 per barrel and Brent crude oil briefly approaching $86 per barrel. On July 15, 2026, Gate market data showed that as of the latest quote, WTI crude oil was at $78.84 per barrel, down 1.04% over the past 24 hours, with an intraday trading range of $77.34 to $80.55. Brent crude oil was at $83.75 per barrel, down 0.27% over the past 24 hours, with an intraday trading range of $82.16 to $85.56. Since the outbreak of the US-Iran war on February 28, 2026, the Strait of Hormuz has been plagued by shipping disruptions lasting more than four and a half months. On July 7, the US military launched a new round of attacks on Iran on the grounds of “the Iranian threat to the navigation of merchant ships in the Strait of Hormuz”; on July 12, Iran announced a blockade of the Strait of Hormuz; on July 13, US President Trump announced that the US would resume a maritime blockade of Iran; and on July 14, the US military completed strikes on dozens of military targets near the Strait of Hormuz and along the Iranian coastline. As of the night of July 14, the standoff between the US and Iran was still ongoing. Centered around this global mos