--- title: "Dow Jones Top Energy Headlines at 11 AM ET: Oil Futures Gain as U.S. Reinstates Iranian Blockade | China's ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/292790555.md" description: "Oil futures surged nearly 10%, their biggest gain since 2020, after the U.S. reimposed a blockade on Iranian ports, raising tensions in the Strait of Hormuz. President Trump withdrew plans for a 20% shipping toll. The IMF warned of reduced global economic resilience to energy disruptions. Meanwhile, China's crude buying pause may end, and UAE crude output jumped post-OPEC exit. BP anticipated trading gains from volatility." datetime: "2026-07-15T15:23:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292790555.md) - [en](https://longbridge.com/en/news/292790555.md) - [zh-HK](https://longbridge.com/zh-HK/news/292790555.md) generator: "portal-rs" --- # Dow Jones Top Energy Headlines at 11 AM ET: Oil Futures Gain as U.S. Reinstates Iranian Blockade | China's ... Oil Futures Gain as U.S. Reinstates Iranian Blockade Crude futures rose after the U.S. resumed its blockade of ships in and out of Iranian ports, although President Trump withdrew his plan for the U.S. to charge a 20% fee for protecting other ships through the Strait of Hormuz. ---- China's Crude Buying Pause Has Helped Cushion the Market. That Might Be Changing. A prolonged slump in China's crude buying might be nearing an end, removing a key cushion for the global oil market just as renewed U.S.-Iran tensions put Gulf supplies at risk once again. ---- Europe's Scramble for Gas Ahead of Winter Gets Harder The Strait of Hormuz used to carry around 20% of global liquefied natural gas flows, while Iranian attacks have wiped out 17% of Qatar's LNG export capacity. ---- IMF Sees Reduced Cushion Against Oil Disruption for Global Economy The global economy has less capacity to cushion the blow from a reduction in energy supplies moving through the Strait of Hormuz as the U.S. and Iran resume hostilities, the International Monetary Fund said. ---- Energy & Utilities Roundup: Market Talk Find insight on Amplitude Energy, Iberdrola, BP and more in the latest Market Talks covering energy and utilities. ---- BP Sees Further Oil-Trading Gains as Iran Conflict Fuels Volatility Quarterly reported upstream production is expected to range from 2.17 million to 2.22 million barrels of oil equivalent a day, compared with 2.34 million barrels of oil equivalent a day in the first quarter. ---- Trump Backtracks on 20% Toll for Shipping in Hormuz Strait Brent crude prices remain at their highest since the days before the U.S. and Iran signed a memo of understanding aimed at reopening the strait and pausing hostilities. ---- Oil Surges Most Since 2020, Reflecting Bet That Strait Won't Go Back to Normal The international crude price climbed nearly 10% as President Trump said he would reimpose the U.S. blockade. ---- Trump Says He Is Reimposing the U.S. Blockade of Iran The move would sharpen a standoff over control of Hormuz that has led to days of fighting. ---- U.A.E. Crude Output Surged in June After OPEC Exit The United Arab Emirates boosted crude output by 80% in June from the previous month after quitting the Organization of the Petroleum Exporting Countries to escape production quotas and bring oil to the market on its own terms. ---- Frequent Oil Draws From U.S. Strategic Reserve Push Old System to Breaking Point Fracturing wells, leaky pumps and other wear-and-tear are straining the Gulf Coast salt caverns that make up the reserve. ---- Oil Demand Recovery Is Under Way but U.S.-Iran Escalation Clouds Outlook, IEA Says Consumption is projected to fall by 1 million barrels a day this year, but the pace of decline is easing. ---- A Big Winner From the Iran War: Africa's Richest Man Nigerian industrialist Aliko Dangote bet big on oil refining-and now his wealth has surged by billions of dollars this year. (END) Dow Jones Newswires July 15, 2026 11:15 ET (15:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [BP.UK](https://longbridge.com/en/quote/BP.UK.md) - [BP.US](https://longbridge.com/en/quote/BP.US.md) - [BPH.US](https://longbridge.com/en/quote/BPH.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [03097.HK](https://longbridge.com/en/quote/03097.HK.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [USOI.US](https://longbridge.com/en/quote/USOI.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [03175.HK](https://longbridge.com/en/quote/03175.HK.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [ERX.US](https://longbridge.com/en/quote/ERX.US.md) - [ERY.US](https://longbridge.com/en/quote/ERY.US.md) - [DUG.US](https://longbridge.com/en/quote/DUG.US.md) - [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md) ## Related News & Research - [Oil prices steady as investors assess US-Iran war outlook](https://longbridge.com/en/news/296417823.md) - [EXCLUSIVE-Energean in exclusive talks to buy BP oil and gas assets in Egypt, say sources](https://longbridge.com/en/news/297191851.md) - [Oil extends losses on hopes for Middle East talks to ease supply woes](https://longbridge.com/en/news/297119059.md) - [Oil set for second weekly rise as unsettled US-Iran war crimps supply](https://longbridge.com/en/news/296555193.md) - [Trump admin makes key shift on Iran strikes amid tense standoff](https://longbridge.com/en/news/297042144.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**