Daily Market Updates: Oil prices jump as violence intensifies near Strait of Hormuz

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At close · Tue, Oct 6, 2026

Commodities

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Oil prices jump as violence intensifies near Strait of Hormuz

Reported · Written up by our desk · Energy

Oil prices rose after continued attacks on ships around the Strait of Hormuz.

The increase followed an intensification of a war between Saudi Arabia and the Houthi militia, according to NYT Business.

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Sources

NYT BusinessOil Prices Jump on Outburst of Violence in the Middle East

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