CNBC | US Top News and Analysis Follow Oil rises as U.S.-Iran tensions keep traders focused on Strait of Hormuz risks Oil prices rose Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S. https://www.cnbc.com/2026/05/07/oil-prices-today-trump-iran-strait-of-hormuz-us-crude-brent-.html cnbc.com