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Oil Prices Rise as Strait of Hormuz Shipping Collapses Due to Iranian Attacks

By Trader Edge at 2026-10-03 01:54

Sentiment: Negative

TLDR Brent crude rose 0.9% to $89.28 a barrel on Monday after gaining over 5% last week Iranian attacks on tankers have nearly shut down Strait of Hormuz shipping traffic Only five vessels passed through the strait on Saturday, down from 130+ per day before the conflict Iran and Oman are in talks over managing [...] The post Oil Prices Rise as Strait of Hormuz Shipping Collapses Due to Iranian Attacks appeared first on CoinCentral. Continue reading...

Categories: News

Tags: #News #Stocks

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