Breaking
06:49 Iran Sends Nuclear Proposal to US via Qatar, Senior Official Confirms · 22:31 Hegseth Declares Iran War Historic as Vance Repudiates It Same Day · 20:50 S&P 500 Erases Post-Election Rally With 4% Midday Drop · 19:59 Iran Examining Concrete Nuclear Proposals From Mediators, NYT Reports · 19:10 US Held Secret Iran Deportation Talks Mid-War, Court Docs Reveal · 07:29 IRGC Reports Two Tankers and Tugboat on Fire in Strait of Hormuz · 04:09 Vance Formally Repudiates Iran War as GOP Fracture Goes Official · 14:49 Netanyahu Loses Majority, Fails to Form Government Ahead of Epic Fury Window · 09:50 Four Tankers Ablaze After IRGC Mines Strike Near Strait of Hormuz · 21:19 Israel Passes Chemical Weapons Intel to US; CENTCOM Strike Set for Wednesday ·
Fri · 06 Nov 2026

Brent Crude Hits $96 as Hormuz Blockade and Gulf Strikes Compound

Share
Brent Crude Hits $96 as Hormuz Blockade and Gulf Strikes Compound

🛢️ MARKETS — $96 is the number Gulf states needed to justify staying quiet. 📌 LOOK CLOSER: From $84 pre-blockade to $96 now, the price signal is outpacing the diplomatic one. Gulf producers absorbing Iranian strikes while hosting US assets are watching revenue surge — reducing urgency to push for ceasefire. Europe, still exposed to TTF gas pressure, faces compounding import costs with no Hormuz relief in sight.

Read more