FXStreet Thursday European stamp: WTI around $86.00, +2%, highest in over three weeks. Daily print $86.12. Hormuz and Bab el-Mandeb still closed.
West Texas Intermediate futures on NYMEX trade 2% higher at around $86.00 in the European session on Thursday, the highest in over three weeks. That is the FXStreet stamp. The same page’s daily print is $86.12.
The same note says global energy supply is still squeezed by the closure of the Strait of Hormuz and the Bab el-Mandeb Strait, which it says together account for 27% of global energy supply. Hormuz is not reopened. The ship tape stays the Tuesday six.
The oil reaction is this tape. It is not a rewrite of Trump’s economic D-Day post. Trump wrote, as FXStreet reprints him: “ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences. Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies — It all needs to stop NOW. You know who you are.”
Qatar’s’ foreign ministry spokesman Majed Al-Ansari said on Tuesday, as FXStreet reprints him, that “Iran-Oman discussions have become a key step toward restarting the wider diplomatic process.” The page says Qatar treats an Iran-Oman Hormuz-management deal as a priority before the US and Iran return to the table. That is a step. It is not a reopening.
Live oil is on prices. The next stamps sit on the economic calendar.
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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