WTI climbs above $92.00 to its highest since July 23 on Hormuz supply concerns. Chart stamps C92.05 / H92.12 (+1.42%); Hormuz is not reopened.
West Texas Intermediate attracts follow-through buying for the second straight day and climbs to its highest level since July 23, trading beyond the $92.00 mark. A daily-chart stamp on the same page shows C92.05 / H92.12 (+1.29 / +1.42%). The July swing high around $93.25 is also stamped on that page. Hormuz is not reopened.
US forces struck and disabled three Iranian oil tankers over the weekend after an IRGC ballistic missile attack targeting two US Navy warships. Iran warned energy infrastructure across the Gulf was vulnerable; Mohsen Rezaei said Tehran was preparing to enforce a full blockade around the Strait of Hormuz. TD Securities said renewed US–Iran hostilities continue to highlight the fragility of any non-concrete deal or short-term de-escalation.
Distinct from the earlier USD/CAD oil pack (WTI ~$91.50), WTI Asia, WTI $91.15, Kuwait Hormuz STS, Aramco Jizan, and weekend US–Iran tanker strikes.
Also see: Suez Canal Revival Gathers Pace as Hormuz Crisis Reroutes Ships.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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Suez Canal traffic gathers pace as Hormuz tensions reroute ships. July stamps 1,340 vessels (+27% YoY) and $505M revenue; SCA FY path $5.8B–$6B. Hormuz is not reopened.
CENTCOM struck three IRGC crude carriers on 5 September after ballistic missiles toward two US Navy ships. Adm. Brad Cooper set the cost message. Reuters stamps Tehran’s counterclaim on Hormuz routes. Iran’s Rezaei flagged a new restricted maritime zone — attributed claims only.
WTI slips below $90.50 to around $90.40 in Asian trade Tuesday despite rising Middle East supply risks. Jazan damage limited; Iran–Oman Hormuz pact nearing; Hormuz is not reopened.