Brent crude rose above $105 a barrel and the US dollar index reached its highest level since April 2025 on October 12, as Houthi attacks on Saudi airports and Strait of Hormuz risks drove energy and safe-haven demand.
Tag: oil
Posted inMarkets
S\&P 500 Closes at 7,811 as Volatile Week Ends and Bank Earnings Season Begins
US stocks gained Friday as the S&P 500 hit 7,811, ending a volatile week of elevated yields and oil prices ahead of bank earnings starting 13 October.
Posted inEconomy
Trump Announces Russian Diesel Deal as US Pump Prices Hit Record $6.27
Trump announced a deal to buy Russian diesel on 9 October as US pump prices reached $6.27 per gallon, issuing a Treasury general licence to authorise the trade.
Posted inMarkets
S&P 500 Slips From Record as Nine Hormuz Attacks Keep Brent Above $105
Nine Strait of Hormuz attacks in October pushed Brent crude to $105.21 a barrel on October 8, pulling the S&P 500 back from its record close of 7,818 and sending Bitcoin down 2.7% to $82,347.
Posted inEconomy
IMF Chief Warns Oil Shock and Record Debt Demand a Hawkish Policy Stance
IMF Managing Director Kristalina Georgieva urged central banks to keep a prudently hawkish bias as Brent crude tops $100 and US 30-year Treasury yields hit 5.73%, with the Fund’s Bangkok meetings opening October 12.
Posted inMarkets
Bitcoin Falls Below $84,000 as Iran Tanker Attacks Push Oil Above $101
A surge in Iranian attacks on tankers in the Strait of Hormuz drove Brent crude above $101 a barrel, triggering $547 million in crypto liquidations and dragging Bitcoin to a two-week low near $83,000.
Posted inMarkets
OPEC+ Freezes November Output as Middle East War Keeps Production Below Quota
OPEC+ froze November output targets on October 4, pausing months of quota hikes as Middle East war keeps members’ actual output well below official levels.
Posted inMarkets
WTI Crude Slips Below $90 as Middle East Export Routes Recover
WTI crude fell to $88.50 on September 30 as Middle East exports hit 98% of pre-war levels via pipeline rerouting, though Iran diplomacy uncertainty keeps oil on edge.
Posted inMarkets
Brent Crude Hits $108 Before Settling at $105 as Iran Diplomacy Collapses
Oil prices surged Monday after President Trump rejected Iran’s Strait of Hormuz proposal, with Brent crude touching $108.48 intraday before settling at $105.28 as equities slid and Treasury yields rose.
Posted inGeopolitics
Trump Rejects Iran’s Hormuz Offer as Brent Crude Tops $107
President Trump dismissed Tehran’s proposal to reopen the Strait of Hormuz within seven days in exchange for sanctions relief, sending Brent crude above $107 a barrel in Monday trading.