Coquest

Your Daily Energy Report for July 13, 2026

Posted on 2026-07-13

Crude Oil

Crude Oil futures for August settled up $6.73 or 9.424% at $78.14. Oil prices surged on Monday, following declarations by President Donald Trump that the US would reimpose a blockade on Iranian vessels navigating the Strait of Hormuz and enforce transit tolls on alternative maritime cargo. This aggressive stance comes on the heels of fresh military engagements between Washington and Tehran, where targeted strikes on energy infrastructure have severely amplified global supply concerns.

 

Natural Gas

Natural Gas futures for August settled down -$.043 or -1.463% at $2.897. Natural gas dipped today, marking a two-month low as the market buckled under expanding production, muted demand projections, and curtailed export volumes from Freeport LNG's scheduled maintenance in Texas.

 

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