U. S. crude oil prices rose sharply Friday as Iran escalated attacks in the Strait of Hormuz this week.
Source: [CNBC](https://www.cnbc.com/2026/10/16/oil-price-today-iran-strait-hormuz-ukraine-russia.html)
Welcome to The Hill’s Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security   The Big Story Centcom commander says naval blockade cost Iran $25B in oil revenue The U. S. Central Command (Centcom) Commander Adm.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.