Oil Prices Jump 12% This Week as Hormuz, Red Sea Closure Risks Loom

Create image post
Commodities

17 July 2026 at 9:17 am

Oil Prices Jump 12% This Week as Hormuz, Red Sea Closure Risks Loom

News Studio

Summary

Crude oil prices jumped by nearly 12% this week, with Brent crude gaining 1.25% to $85.28 a barrel and WTI crude rising 1.3% to $79.98 a barrel, driven by looming risks of closure in the Strait of Hormuz and Red Sea.

Related & trending news

Select what you want to create

Turn this story into an image post, carousel, video, audio reel, blog, and more — all from AI News Studio.

Image Post

Pick a story, apply your brand template, and publish polished graphics to Facebook, Instagram, LinkedIn, and more — without opening a design tool.

Create Image Post

Prompt to Post

Describe the story, headline, colors, and style you want.

Try Prompt to Post

Audio Post

Combine branded news graphics with narration — from your audio library, a live recording, or AI text-to-speech — and share as engaging short-form content.

Create Audio Post

Video Post

Upload your footage, apply a video template with baked-in headlines, add optional audio, and schedule posts across every connected social channel.

Create Video Post

Multi-News Carousel

Combine several news items into a single swipeable carousel post — with a shared title, unified caption, and per-slide template content for maximum engagement.

Create Carousel

Upload and Schedule

Upload your media, craft the perfect caption with AI assistance, preview on every platform, and schedule posts for the exact moment your audience is online.

Schedule a Post

Blog Post

Transform breaking news into long-form, SEO-optimized blog posts with AI writing, a rich text editor, featured images, and one-click social image post creation.

Create Blog Post
Coming soon

AI Anchor Video

Turn any news article into a professional anchor video with AI-generated presenters, natural voice narration, and lip-sync animation — no studio, no crew, no wait.

Learn more
News Studio iconFAQ

Newsroom FAQs

About the public News Studio news feed powered by NewsEngine.

Oil Prices Jump 12% This Week as Hormuz, Red Sea Closure Risks Loom | News Studio | News Studio