IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

Oil Prices Rise on Middle East Attacks and Hurricane

Oil prices rose as persistent Middle East shipping attacks threaten regional supply flows. Meanwhile, energy companies curtailed US Gulf production ahead of an approaching hurricane.

Xurve View
Insights:
FILE PHOTO: Vessels at the Strait of Hormuz, as seen from Musandam, Oman, October 2, 2026.

Brent Crude Oil rose $2.28, or 2.28%, to $102.28 a barrel on Thursday morning amid escalating shipping attacks in the Gulf. Prices climbed as the United States curtailed offshore production ahead of an approaching hurricane. The gains follow a session decline triggered by the International Energy Agency's stock release plans.
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.