WTI Slips Below $90.50 to Around $90.40 Despite Rising Middle East Supply Risks

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.

Hormuz risk color — not reopened

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.

USD/INR’s Tuesday recover near 94.68 on the oil rally is a separate session tape — distinct from Monday’s INR open / WTI notes.

USD/CAD’s slip near 1.3780 as oil lifts the loonie is a separate European-session tape — distinct from this WTI / tanker note. Hormuz is not reopened.

Kuwait’s ~1M b/d export recovery via Hormuz and STS is a separate Gulf-flow tape — distinct from this Basra / LNG / WTI / CAD / tanker note. Hormuz is not reopened.

Also see: WTI Advances Above $92.00, Highest Since July 23, as Hormuz Tensions Stoke Supply Concerns.

Also see: CENTCOM Destroys 5 More IRGC Crude Carriers After Missile Attacks on US Warship.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.