*Brent rose $1.46, or 1.72%, to $86.19 a barrel Published July 15, 2026 Updated about an hour ago By Reuters PERTH: Oil rose on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran launched retaliatory strikeson US infrastructure in the region. For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest since June 15 and rose further on early Wednesday trade. Brent rose $1.46, or 1.72%, to $86.19 a barrel by 0029 GMT while WTI was up $1.11, or 1.4%, to $80.40 a barrel. Oil prices closed up 2% to a one-month high on Tuesday as attacks deepened a supply disruption in the Strait of Hormuz, where some one-fifth ⁠of the world’s oil and liquefied natural gas transited prior to the beginning of the war. Early on Wednesday, the U.S. also began a fresh round of strikes “to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz,” the U.S. military said. Tehran says it has again closed the strait after hostilities between Iran and the U.S. reignited last week, fraying an already fragile truce reached in June after several months of fighting. “I’ll save the energy targets for last, but ultimately we’ll hit energy targets,” Trump told Fox News in an interview aired…