News · Vietstock

WTI Crude Nears $98 a Barrel as Iran Escalates Attacks in the Strait of Hormuz

WTI for November delivery rose about 3% (US$2.88) to US$97.97 a barrel at the close on 15/10, while Brent for December fell 14 cents to US$105.92. Prices were supported by fears of supply disruption after attacks on vessels in the Strait of Hormuz, including a Singapore-registered ship that was sunk, and by an 8 million barrel drop in US crude inventories in the week ending 9/10, according to the EIA. The US military reportedly drafted new strike options against Iran, while the Trump administration is considering easing sanctions on “dark fleet” tankers to cool energy prices. The IEA warned that diesel supply tightness could last into next year, and ICM said near-term prospects for fully reopening the Strait of Hormuz remain very limited.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Giá dầu WTI tiến sát 98 USD/thùng khi Iran gia tăng tấn công tại eo biển Hormuz

Read the original on Vietstock ↗

Related tickers and likely impact

PVD

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PetroVietNam

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MarketVietnam stocks
ExchangeHOSE
SectorOil & Gas
IndustryOil Equipment & Services
Market cap16,375 bn VND
P/E14.7
P/B0.95
Close on 10/15/202617.70
Change that session-1.67%
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VNINDEX

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Change that session-0.38%
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XAU/USD

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Relevance: low

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Close on 10/15/20264,170.88
Change that session+1.59%
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Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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