Global oil prices extend move over $90 after report of two tankers struck in Hormuz
TITLE: Global oil prices extend move over $90 after report of two tankers struck in Hormuz
Energy markets experienced a significant surge during Tuesday trading sessions following reports that two oil tankers were struck while navigating the Strait of Hormuz. This geopolitical development immediately impacted global crude valuations, pushing prices for the international benchmark well above the $90 mark. The news of the maritime incident introduced fresh volatility into the sector, as market participants weighed the potential for supply chain disruptions in a region that is essential for the global movement of petroleum.
TWO Tankers Struck in Hormuz
The reported strikes on the vessels led to a synchronized rise in both major oil contracts. West Texas Intermediate, the primary gauge for oil prices in the United States, saw its October delivery contract, often
Source: marketwatch.com · 2026-09-01