Oil gains as traders weigh Gulf tensions against strong Mideast exports — Live Feedhttps://www.live-feeds.com/feed/oil-gains-as-traders-weigh-gulf-tensions-against-strong-mideast-exportsContinuously updated, source-cited coverage. Oil Prices Oscillate as Traders Weigh Mideast Exports Against Hormuz Riskshttps://www.live-feeds.com/feed/oil-gains-as-traders-weigh-gulf-tensions-against-strong-mideast-exportshttps://www.live-feeds.com/feed/oil-gains-as-traders-weigh-gulf-tensions-against-strong-mideast-exports#u113391Sat, 10 Oct 2026 08:30:40 +0000Crude prices fluctuated as markets balanced resilient Middle East exports and planned G7 emergency stockpile releases against persistent shipping risks in the Persian Gulf. Brent crude futures rose 27 cents, or 0.3%, to reach $100.59 a barrel in some trading sessions, while other reports indicated prices fell or oscillated between $88 and $93 a barrel for WTI. Concurrently, supertanker shipping profits surged, with very large crude carrier benchmark rates hitting historic highs as freight costs for voyages from the Gulf of Oman to Asia topped $1 million a day.Why it mattersGeopolitical tension