Global oil prices extend move over $90 after report of two tankers struck in Hormuz

🌐 MarketWatch (United States) —

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Global oil prices rose above $90 following reports of two tankers being struck in the strategic Strait of Hormuz. The West Texas Intermediate and Brent crude contracts reached their highest levels in nearly two weeks amid rising tensions.

West Texas Intermediate’s contract for October delivery and Brent crude’s November contract rose to their highest levels in nearly two weeks.

Politics Markets Energy Shipping oil prices West Texas Intermediate Brent crude Strait of Hormuz tankers energy markets shipping incidents

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