Oil rises over 3% in New York after attack near Hormuz
Oil surged more than 3% in New York after an Iran attack on a vessel near Qatar, reviving concerns about disruptions through the Strait of Hormuz.
Shares of energy companies climbed sharply alongside oil futures. Oil rose by more than 3% in New York after Iran attacked a vessel near Qatar, which was likely to slow oil shipments through the Strait of Hormuz again. Recent sessions have seen hopes for Middle East exports to return to prewar levels dented by an escalation in Houthi attacks on Saudi Arabia and Iran's renewed focus on blockading Hormuz shipping lanes. S.
S. coast. October 08, 2026 17:11 ET (21:11 GMT)