Oil prices were up nearly 1 percent on Wednesday as traders weighed supply risks following more attacks on vessels in the Persian Gulf region.
Brent crude futures jumped 0.9 percent to $101.50 a barrel, extending gains from the previous session on fears Iran is stepping up attacks on tankers in the Strait of Hormuz. WTI crude futures were up 0.3 percent at $89.70 a barrel.
U.K. Maritime Trade Operations said there had been nine attacks so far this month, half the number it reported for all of September in the waterway and Persian Gulf combined.
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Oil Prices Rise Amid Houthi Attacks, US Storm Concerns
2026-10-07 09:43:19
