# Oil set for fourth monthly gain as Hormuz tanker attack highlights supply risks | live

> Brent and WTI crude rose on Friday, with Brent up about 2% to $117.15 and WTI up about 1.75% to $103.79, heading for monthly gains of 13% and 15%. A tanker in the Strait of Hormuz was struck by explosive devices from a small boat, as US-Iran tensions raised supply concerns.

- Date: 2026-10-30 · published 2026-10-30T10:05:40.041Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/2145-oil-set-for-fourth-monthly-gain-as-hormuz-tanker-attack-highlights-supply-risks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher crude raises diesel and fertilizer costs and supports biofuel demand, which can lift soybean oil and corn prices. Supply disruption in the Strait of Hormuz keeps energy-driven feed and freight costs elevated.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-09-16 | [Oil surges as Saudi attack focuses market on supply risks](https://feedsoft.ai/events/5707-oil-surges-as-saudi-attack-focuses-market-on-supply-risks.md) | +6.6% | -0.3% |
| BRENT | 2026-07-23 | [Oil settles over $100 as Houthi attacks intensify Middle East supply risks \| Reuters](https://feedsoft.ai/events/9925-oil-settles-over-100-as-houthi-attacks-intensify-middle-east-supply-risks.md) | -9.5% | -7.3% |
| BRENT | 2026-01-09 | [Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus \| Reuters](https://feedsoft.ai/events/11393-oil-gains-as-market-weighs-iran-russia-supply-risks-dealmaking-for-venezuela-in.md) | +3.7% | +9.6% |
| BRENT | 2024-03-19 | [Oil rises to multi-month highs on Russian supply concerns](https://feedsoft.ai/events/31370-oil-rises-to-multi-month-highs-on-russian-supply-concerns.md) | -0.2% | +4.6% |
| BRENT | 2019-06-14 | [Oil prices rise for second day after Gulf of Oman tanker attacks \| The National](https://feedsoft.ai/events/58758-oil-prices-rise-for-second-day-after-gulf-of-oman-tanker-attacks-the-national.md) | +4.3% | +7.7% |
| WTI | 2019-09-16 | [Oil surges as Saudi attack focuses market on supply risks](https://feedsoft.ai/events/5707-oil-surges-as-saudi-attack-focuses-market-on-supply-risks.md) | +5.8% | -0.1% |
| WTI | 2026-07-23 | [Oil settles over $100 as Houthi attacks intensify Middle East supply risks \| Reuters](https://feedsoft.ai/events/9925-oil-settles-over-100-as-houthi-attacks-intensify-middle-east-supply-risks.md) | -7.9% | -6.4% |
| WTI | 2026-01-09 | [Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus \| Reuters](https://feedsoft.ai/events/11393-oil-gains-as-market-weighs-iran-russia-supply-risks-dealmaking-for-venezuela-in.md) | +2.4% | +10.3% |

## Sources

- live.euronext.com: https://live.euronext.com/en/financial-news/oil-set-fourth-monthly-gain-hormuz-tanker-attack-highlights-supply-risks

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.