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At close · Tue, Oct 6, 2026
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Home›Commodities›Energy›Oil prices rise as supply fears and shipping attacks b…

Oil prices rise as supply fears and shipping attacks boost Brent

Brent is moving toward $103 a barrel while shipping risks in the Strait of Hormuz add to supply concerns.

Reported · Written up by our desk · Energy

Oil prices are rising amid supply fears and shipping attacks, with Brent crude heading toward about $103 a barrel.

The backdrop includes renewed disruption risk in key shipping lanes, highlighted by vessels in the Strait of Hormuz, as seen from Musandam, Oman.

Latest closeWTI crude $89.70 ▼1.6%|Brent $100.73 ▼1.5%

← Newer storyGold tests support below 4,000 as momentum cools

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Sources

Guardian BusinessOil prices climb amid supply fears and shipping attacks; prospect of rate rise weighs on UK housing market – business live

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