Friday, September 11, 2026 | 6:45 AM ET Brent (November) $103.88 | WTI (October) $99.15 Brent -$3.75 (-3.5%), WTI -$3.33 (-3.3%), both off session highs after the Financial Times reported Middle East foreign ministers are working on a temporary deal with Iran to manage Hormuz shipping. Still up more than 7% for the week and more than 6% Thursday alone. Houthis seized Yemen's port of Mocha Thursday, a further threat to Red Sea traffic. Hormuz transits fell to seven Thursday f

Thursday, September 10, 2026 | 6:40 AM ET Brent (November) $101.66 | WTI (October) $97.04 Brent +0.45, WTI +0.99, up nearly 30% from early August lows. Iran said it attacked 10 ships near Hormuz Wednesday after the U.S. sank five Iranian oil tankers, the largest shipping attacks of the six-month conflict; the IRGC vowed to escalate further if attacked again. Dated Brent has traded above $100 since September 3, per LSEG. The benchmark VLCC rate from the Middle East to China ha

Wednesday, September 9, 2026 | 6:40 AM ET Brent (November) $100.73 | WTI (October) $95.25 Brent +$2.81, touching $100.95 intraday, WTI +$2.22. The IRGC struck Jordan's Al-Azraq Air Base with ballistic missiles, per Fars, targeting maintenance hangars and shelters housing U.S. fighter jets; Jordan's army said it intercepted 18 of the missiles with two others landing in uninhabited areas. CPC's Black Sea terminal at Novorossiysk was hit by drones Wednesday morning, damaging the

Tuesday, September 8, 2026 | 7:00 AM ET Brent (November) $98.39 | WTI (October) $93.73 Brent +$1.39 (+1.4%), WTI +$2.25 (+2.5%), after touching $99.46 and $94.73 intraday, the highest since July 24 and June 8 respectively. Houthi attacks wounded 73 people and halted operations at some Saudi energy facilities, which Saudi authorities called a dangerous escalation. Iran threatened the U.S. with "economic warfare" and said it fired an advanced missile at U.S. warships, days afte

Friday, September 4, 2026 | 6:45 AM ET Brent (November) $94.86 | WTI (October) $90.40 Brent -0.66, WTI -0.90 on the day, but Brent up 6.6% and WTI up 8.8% for the week, WTI's strongest weekly performance since July 13. National average diesel hit a record $5.820 a gallon Thursday, per GasBuddy, topping the June 2022 post-invasion high. Just four vessels transited Hormuz Thursday, well below the 10-day average of about 15. Citi raised its Q3 Brent forecast to $86 from $80; ANZ

Thursday, September 3, 2026 | 7:00 AM ET Brent (November) $97.39 | WTI (October) $92.92 Brent +$1.76 (+1.8%), WTI +$1.91 (+2.1%), a fourth straight day of gains after erasing earlier session losses. Iran's health ministry said eight people were killed and 108 wounded in Tuesday's U.S. strikes, with the Red Crescent reporting four killed and 67 wounded at a wedding near the strait's coast. Israeli Defense Minister Israel Katz renewed warnings Israel would "cripple" Iran's mili

Wednesday, September 2, 2026 | 6:45 AM ET Brent (November) $95.09 | WTI (October) $90.37 Brent +0.44, WTI +0.15, after session highs of $97.04 and $92.29, the highest since July 24. The U.S. launched fresh air strikes on Iran Tuesday; Iran retaliated, and the IRGC said the attacks would "tighten the lock" on Hormuz. Two tankers reportedly hit sea mines and were disabled attempting to transit the strait, per Iran's Revolutionary Guards. Just four vessels transited Hormuz Tuesd

Tuesday, September 1, 2026 | 6:20 AM ET Brent (November) $92.13 | WTI (October) $87.81 Brent +$1.64 (+1.3%), WTI +$2.05 (+1.5%), extending Monday's 2.8% WTI gain, its biggest in three weeks. Two supertankers, the Bahri-run Sidr and Sinokor's Senegal Prosperity, were struck by projectiles in quick succession exiting Hormuz near Khasab, Oman, per maritime consultant Marisks; UKMTO separately confirmed a tanker hit by three projectiles outbound, with no casualties or spill repor

Monday, August 31, 2026 | 6:30 AM ET Brent (November) $91.35 | WTI (October) $86.61 Brent +$3.25, WTI +$3.23, the first military exchange in over a month after weeks of relative calm. U.S. forces struck two Iranian rocket launchers on Larak Island Sunday that CENTCOM said were preparing to fire sea mines into the strait; Iran responded with strikes on two U.S. air bases in Jordan. Trump separately claimed on social media, with an AI-generated video, that Iran's Kharg Island e

Thursday, August 27, 2026 | 6:00 AM ET Brent (Oct) $88.35 | WTI (Oct) $82.41 Brent +0.51, WTI +0.18, after touching session lows of $86.22 and $80.65 respectively before rallying more than a dollar in the past 90 minutes. The overnight tone was weaker, but the reversal is tracking a mix of headlines: Iran's Revolutionary Guards claim a revenue-sharing deal with Oman on the strait has been reached, Trump insists the strait is already open and mine-free, and Qatar's prime minis

Wednesday, August 26, 2026 | 6:45 AM ET Brent (October) $86.04 | WTI (September) $80.30 Brent -$2.54, WTI -$2.06. Iran and Oman discussed a joint temporary navigational corridor through Hormuz Tuesday and agreed to clear the strait of mines, with Oman's foreign minister saying an announcement could come soon. Hormuz traffic remains thin regardless, five vessels Tuesday against a 10-day average of 15. The IMO said it has no confirmed information on the actual status of mines i

Monday, August 24, 2026 | 6:40 AM ET Brent (October) $92.84 | WTI (September) $85.02 Brent -$1.55 (-1.64%), WTI -$2.04 (-2.34%), profit-taking after a second straight weekly gain of more than 5%. Treasury Secretary Bessent holds a press conference at 1 p.m. EDT to detail what he's called the toughest sanctions in history on Iran. Fewer than 20 commodity vessels transited Hormuz over the weekend. Iran has granted a number of Iraqi tankers permission to pass through the strait

Friday, August 21, 2026 | 6:45 AM ET Brent (October) $93.63 | WTI (Oct) $86.77 Brent -0.15, WTI -0.06, Brent up 5.4% and WTI up 4.8% this week, both having touched their highest since July 24 Thursday. Treasury Secretary Bessent said the U.S. will impose the toughest sanctions in history on Iran with the aim of collapsing the regime, promising details Monday; Iran called the response "devastating" and its Armed Forces chief of staff threatened crushing retaliation across land

Thursday, August 20, 2026 | 6:15 AM ET Brent (October) $93.81 | WTI (September, expires today) $88.05 | WTI (October) $86.64 Brent +$2.19, WTI +$2.22 on the expiring September contract and +$2.25 on the more active October contract, both benchmarks at their highest since late July for a fifth straight session of gains. Hormuz traffic was unchanged Wednesday from the prior day as talks remain deadlocked; the UAE's suspension of all financial and economic dealings with Iran con

Tuesday, August 18, 2026 | 6:15 AM ET Brent (October) $91.22 | WTI (September) $85.09 Brent +0.35, WTI +0.59, both on track for a third straight gain, touching their highest since July 30 and July 31 respectively. A senior Iranian official said Iran will shift to a "fully offensive" military posture as talks toward a permanent peace stall, while Washington ruled out extending the temporary ceasefire. A vessel was struck by an unknown projectile exiting Hormuz Tuesday, with a

Monday, August 17, 2026 | 6:30 AM ET Brent (October) $89.33 | WTI (September) $82.82 Brent +0.81 after a session high of $89.68, WTI +0.42, both little changed after gaining more than 5% last week on tanker attacks and the Jazan refinery strike. Hormuz traffic collapsed over the weekend, five vessels Saturday and none registered Sunday versus 31 the prior weekend, following fresh tanker attacks. Fighting between Israel and Hezbollah flared in Lebanon, with Israeli strikes kil

Tuesday, August 11, 2026 | 6:20 AM ET Brent (October) $89.64 | WTI (September) $84.04 Brent +$1.92 (+2.2%), WTI +$1.91 (+2.3%), extending Monday's more than 5% jump after Trump demanded Iran pay compensation for people killed in wars, attacks and protests, complicating the reopening effort. Trump separately said the U.S. controls the strait and has swept it for Iranian mines. Hormuz traffic fell to six vessels Monday against a 10-day average of about 11; Barclays estimates cr

Wednesday, August 5, 2026 | 6:45 AM ET Brent (October) $80.87 | WTI (September) $76.67 Brent +$1.51 (+1.9%), WTI +90 cents (+1.2%), bouncing after Tuesday's 5% drop that took Brent below $80 for the first time since July 13. The Houthis said they launched a missile attack on a Saudi oil tanker off Yanbu; separately, the India-flagged tanker MSV Faize Noore Oliya, reportedly carrying Saudi oil, sank in the Red Sea Tuesday after being hit by a projectile, with all 13 Indian cre

Monday, August 2, 2026 | 6:45 AM ET Brent (October) $83.40 | WTI (September) $79.39 Brent -$4.53 (-5.2%), WTI -$5.28 (-6.2%), both marking their biggest daily falls since last Monday and retracing from a three-week low hit earlier in the session. Trump said Saturday on Truth Social that Iran and other Middle Eastern countries asked for time to complete a deal reopening Hormuz, but Iran's foreign ministry said Monday no talks with the U.S. are underway or scheduled. OPEC+ appr

Friday, July 31, 2026 | 6:30 AM ET Brent (Sept) $89.50 | WTI (September) $84.17 Brent +0.47, WTI +0.58, both on track for a monthly rise. Iran's Revolutionary Guards stopped two tankers from transiting Hormuz and forced four others to change course, per Fars; two VLCCs carrying Gulf-loaded crude did exit the strait Friday, though traffic remains thin. ADNOC has bought five VLCCs for about $590 million to expand its own fleet as the Red Sea and Hormuz crises tighten tanker ava