Oil jumps as Gulf shipping disruptions persist amid Iran conflict

Oil prices rose as the conflict involving Iran continued to disrupt shipping through the Strait of Hormuz. Brent crude climbed to $105.88 a barrel on Monday, up 2.7%, while U.S. crude traded just below $100 a barrel.
Since the war began, the international benchmark has gained more than 40% and U.S. crude is up nearly 50% over the same period. Futures have also seen large gains this year following strikes on Iran by the U.S. and Israel.
Market concerns are focused on supply disruption in the Gulf: reports say the U.S. is working to form a coalition to escort oil tankers through the Strait of Hormuz, and the U.S. struck Kharg Island, Iran's main oil export terminal.
At the same time, some analysts caution that while oil markets are under pressure, wider global supply chains may not face broad disruption despite the rise in crude prices.

Prices are rising because the conflict with Iran has disrupted shipping through the Strait of Hormuz and included strikes on Iranian energy infrastructure, tightening perceptions of supply.

Brent has risen more than 40% since the war began and reached about $105.88 per barrel on the latest trading day; U.S. crude is nearly 50% higher and trading just under $100.

The U.S. is reported to be seeking a coalition to escort tankers through the Strait of Hormuz to protect shipping, and has carried out strikes on Iranian facilities including Kharg Island.

Some analysts say the oil shock is significant for energy markets but do not expect it to trigger a broad global supply chain crisis based on current information.

Proactive Investors

Brent crude rose to $105.88 a barrel on Monday, up 2.7%, as conflict in the Gulf entered its third week and disruption to oil shipping through the Strait of Hormuz continued to drive prices higher. The international oil benchmark has gained more than 40% since the war began, with US crude also up ne...

Business Insider

The Iran war is sending oil prices surging — but Goldman says supply chains should hold up. Crude oil futures have climbed more than 70% this year after US and Israeli strikes on Iran.

The Motley Fool

The U.S. is working to build a coalition to escort oil tankers through the Strait of Hormuz. The U.S. attacked Kharg Island, Iran's main oil export terminal.

WSJ

Oil rose in early trade amid ongoing supply disruption worries driven by the Middle East conflict.

Reuters

Oil prices rose more than 2% in early trade on Tuesday, reversing some of the previous session's losses, on worries about supply with ‌the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway.

Barrons

The Brent and WTI benchmarks were clawing back losses after fresh strikes by Iran fueled fears about disruption of crude flows.

FXEmpire

Geopolitical risks keep WTI crude near $97 and Brent at $104. With supply uncertainty looming, will energy prices break higher or remain tethered to volatility?

WSJ

Brent crude held above $100 a barrel as Iran stepped up attacks on key energy infrastructure in the Middle East and U.S. allies rebuffed Trump's call to help reopen the Strait of Hormuz.

WSJ

Oil prices pushed higher as Iran stepped up its attacks on energy infrastructure in the Middle East, dragging on stocks and bolstering the dollar.

Forbes

United Kingdom Maritime Trade Operations Centre, which monitors commercial shipping, said in a report that an oil tanker was struck by an “unknown projectile” on Tuesday while being anchored near the coast of Fujairah, UAE. The agency said the strike caused “minor structural damage” but no injuries...

The Guardian

Brent crude price climbs as operations suspended at Shah gasfield in UAE after Iranian strike

FXEmpire

Oil continues to watch the headlines coming out of the war, and therefore we are seeing volatile moves from time to time.

Forbes

The Iran conflict has, of course, sent oil prices spiking. And the tensions in the region are unlikely to end soon.

Market Watch

Global oil prices were poised to end above $100 a barrel for a fourth session in a row, as U.S. calls for help to secure the crucial waterway fall on deaf ears and reports that Iran is allowing some crude tankers to pass through the Strait of Hormuz offer a “mixed signal” for the market on the situa...

Proactive Investors

A supply shock rippling through global energy markets is reshaping the outlook for oil prices and US producers, as disruptions at the Strait of Hormuz force a sharp rethink of supply, inventories and valuations, according to Bank of America. The bank said it now expects Brent crude to average $77.50...

FXEmpire

Oil prices gain ground as traders bet on a long war in the Middle East.

WSJ

Brent oil prices were likely to stay elevated around $100 per barrel through mid-2026, OCBC said.

CNBC

Oil fell as rising U.S. crude inventories offset fresh supply fears. UAE attacks deepened disruption risks near the Strait of Hormuz.

CNBC

Oil fell as rising U.S. crude inventories offset fresh supply fears. UAE attacks deepened disruption risks near the Strait of Hormuz.

FXEmpire

Natural Gas and Oil Forecast: Middle East tensions keep WTI near $100 despite US inventory builds. Will the Strait of Hormuz crisis spark a major supply shock?