WTI jumps 4.7% as crude rises on Iran, storm fears

By Joe Wallace Oil prices are rising after a fresh tanker attack in the Persian Gulf, putting a damper on stocks. Benchmark Brent crude prices are up around 4% and are heading for their highest close since mid-September. The U.S. had recently succeeded in restoring crude shipments through the Strait of Hormuz, but Iran appears to have intensified its attacks on tankers in response, putting oil markets on edge. Production cuts in the Gulf of Mexico, prompted by a hurricane, aren't helping either. Rising energy prices are weighing on U.S. stocks, which are slipping for a second day after the S&P 500 and Nasdaq hit records Tuesday. Write to Joe Wallace at joe.wallace@wsj.com This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 08, 2026 09:39 ET (13:39 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.