Brent gains more than 4% on Gulf supply risks

S. offshore production shut-ins ahead of Hurricane Isaias. 49 a barrel. S.

supply risks, DNB Carnegie energy analyst Helge Andre Martinsen said. S. strikes against Iran and temporary Gulf of Mexico production shutdowns ahead of Hurricane Isaias. Attacks from Houthi militants escalated in Saudi Arabia this week, The Wall Street Journal reported, while Saudi-led coalition forces destroyed Houthi military targets.

Shipping risks in the Persian Gulf remain elevated. S. could be preparing military strikes against Iran before the midterm elections were scotched with President Trump denying it in a Truth Social Post. S.

S. blockade will remain in full force. "We will not be attacking Iran at any time prior to the midterm elections to be held in the United States on November 3rd," Trump added. S.

S. Gulf coast late Friday. S. m.

1 billion cubic feet a day of natural gas production. S. Gulf oil production and 57% of offshore natural gas production. The International Energy Agency said Wednesday that member countries supported accelerating the remaining emergency oil-stock releases pledged in March and prioritizing diesel where possible.

Around 325 million barrels have already been released, while completing outstanding pledges would bring roughly another 100 million barrels to market, the agency said. com (END) Dow Jones Newswires October 08, 2026 17:48 ET (21:48 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.