Oil prices rise as America intensifies attacks against Iran
July 16, 2026 8:17 am, EDT An oil facility on Kharg Island, Iran. (Atta Kenare/AFP/Getty Images/Bloomberg) key takeaways: Oil prices remain high as the US escalates attacks against Iran. Iran targeted Kuwait and Bahrain with missile and drone attacks. World stocks mostly fell. HONG KONG – Stocks around the world mostly fell on 16 July