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.
West Texas Intermediate is trading around $90.40 per barrel during Asian hours on Tuesday and slips below $90.50 despite rising Middle East supply risks. Oil prices surged nearly 10% last week — prior-week context on that page.
Iran vowed to strike energy infrastructure across the Middle East in response to further US attacks on its assets, with attacks around Hormuz cited on the page. Saudi Aramco’s facilities in Jazan near the Red Sea were targeted again on Monday, though damage remained limited. An Iran–Oman agreement to manage shipping through the Strait of Hormuz is nearing completion. The page notes roughly 7 million barrels/day currently passing through the Strait. Hormuz is not reopened.
This is a separate URL from Monday’s WTI $91.15, Aramco Jizan, Al Marrouna LNG, and weekend US–Iran tanker strikes.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
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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.
Laden Qatari LNG tanker Al Marrouna is nearing the Strait of Hormuz Monday after loading in Qatar early last month, with Port Qasim listed as a potential Thursday arrival. It is unclear if it continues through; Hormuz is not reopened.
Saudi Aramco’s Jizan oil facilities were hit on Monday, the Financial Times reported citing sources. WTI surged back above $90 to about $90.40 (+1.27%). Hormuz is not reopened.