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Latest Oil Market News and Analysis for Oct. 7

Bloomberg Markets Tuesday 06 October 2026, 22:02 UTC By Kanoko Matsuyama 1 min read
Key Points

Oil Steadies With Focus on Hormuz Shipments and Vessel Attacks Oil steadied as traders weighed increased flows through the Strait of Hormuz against a pickup in Iranian attacks against vessels. West Texas Intermediate traded below $90 a barrel after a volatile session on Tuesday, while Brent settled near $101. While shipments through Hormuz have picked up in recent weeks, UK Maritime Trade Operations has reported at least nine attacks in the waterway so far this month.

Oil Steadies With Focus on Hormuz Shipments and Vessel Attacks Oil steadied as traders weighed increased flows through the Strait of Hormuz against a pickup in Iranian attacks against vessels. West Texas Intermediate traded below $90 a barrel after a volatile session on Tuesday, while Brent settled near $101. While shipments through Hormuz have picked up in recent weeks, UK Maritime Trade Operations has reported at least nine attacks in the waterway so far this month. That’s already half of the number recorded across Hormuz and Persian Gulf combined last month.
Latest Oil Market News (ORG) Focus (ORG) the Strait of Hormuz (LOCATION) Iranian (ORG) Brent (PERSON) Hormuz (LOCATION) UK Maritime Trade Operations (ORG) Persian Gulf (LOCATION)
Originally published by Bloomberg Markets Read original →

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