Loading…
Oil prices rose on Friday after an attack on a tanker in the Strait of Hormuz highlighted supply risks from the US-Israeli war on Iran, now in its eighth month. Brent for December gained about 1.5% to $116.59 and WTI added about 1.4% to $103.45.
Brent was on track for a nearly 13% monthly gain.
Attacks on tankers in Hormuz threaten a major share of seaborne crude, supporting higher energy prices that raise feed production and freight costs.
live.euronext.comOct 30, 2026After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
