
Oil prices rise sharply on Middle East tensions and US hurricane threat
Crude oil is offloaded at the Banyas terminal in Tartus, Syria. Photograph: Anadolu/GettyView image in fullscreenCrude oil is offloaded at the Banyas terminal in Tartus, Syria. The report cited unnamed officials in Donald Trump’s administration who said the size and targets of potential strikes, and whether they will go ahead, are still being debated.The report has weakened hopes that Trump will refrain from escalating the conflict with Iran before the midterm polls next month.
- ▪Crude oil is offloaded at the Banyas terminal in Tartus, Syria.
- ▪Photograph: Anadolu/GettyView image in fullscreenCrude oil is offloaded at the Banyas terminal in Tartus, Syria.
- ▪The report cited unnamed officials in Donald Trump’s administration who said the size and targets of potential strikes, and whether they will go ahead, are still being debated.The report has weakened hopes that Trump will refrain from escal
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| Original publisher | The Guardian — World |
| Canonical URL | https://www.theguardian.com/business/2026/oct/08/oil-prices-rise-middle-east-tensions-us-hurricane-threat |
| Publication time | Thu, 08 Oct 2026 08:44:49 GMT |
| Retrieval time | 2026-10-08T08:50:48.571Z |
| Last seen | 2026-10-08T08:50:48.571Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Summary source text | contentText |
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| Cluster | CEbED65bq_1j · 1 stories |
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Crude oil is offloaded at the Banyas terminal in Tartus, Syria. Photograph: Anadolu/GettyView image in fullscreenCrude oil is offloaded at the Banyas terminal in Tartus, Syria. Photograph: Anadolu/GettyOilOil prices rise sharply on Middle East tensions and US hurricane threatGlobal bond market sell-off continues and stocks fall amid another wave of potential strikes against Iran Business live – latest updates Lauren AlmeidaThu 8 Oct 2026 04.44 EDTLast modified on Thu 8 Oct 2026 04.47 EDTSharePrefer the Guardian on GoogleOil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US coast.Brent crude, the international benchmark, rose by 3.8% to $104 a barrel on Thursday, triggering a wave of…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Guardian — World.