WTI Struggles Above $90 in European Trade Despite Hormuz Supply Risks

WTI turns near $89.50 in European trade Monday (chart ~$89.74, intraday high $91.09) despite Hormuz supply risks. OPEC+ held October policy; Hormuz is not reopened.

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Sep 7, 2026 · 2mo ago
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WTI Struggles Above $90 in European Trade Despite Hormuz Supply Risks

West Texas Intermediate turns near $89.50 in the European session on Monday, even as Hormuz supply risks stay in play. The same page’s daily-chart stamp is about $89.74. Intraday high on the page: $91.09.

Weekend tanker strikes around Hormuz and Tehran’s plans to enforce a restricted zone outside the strait — putting vessels in the Gulf of Oman at risk, ING on this wire — keep the geopolitical bid. OPEC+ kept October policy unchanged on Sunday. Hormuz is not reopened.

This is a separate European-session URL from Monday Asian WTI near $90 / OPEC+ and the tanker note.

Saudi Aramco’s Jizan facilities hit Monday, WTI above $90 is a separate Red Sea–adjacent strike tape — distinct from this Hormuz tanker / WTI session note. Hormuz is not reopened.

Iraq’s Basra sales struggle after SOMO cut discounts $9–$10/bbl is a separate Monday oil note — Hormuz is not reopened.

WTI’s climb to $91.15, highest since July 24 is a separate late-session tape — distinct from this EU/Asian WTI / Jizan / tanker note. Hormuz is not reopened.

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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