Oil prices climb above $100 on Strait of Hormuz attacks, Gulf storm threat — Live Feedhttps://www.live-feeds.com/feed/oil-prices-climb-above-100-on-strait-of-hormuz-attacks-gulf-storm-threatContinuously updated, source-cited coverage. Oil Climbs Past $100 on Strait of Hormuz Attacks and Gulf Storm Riskhttps://www.live-feeds.com/feed/oil-prices-climb-above-100-on-strait-of-hormuz-attacks-gulf-storm-threathttps://www.live-feeds.com/feed/oil-prices-climb-above-100-on-strait-of-hormuz-attacks-gulf-storm-threat#u118140Mon, 12 Oct 2026 12:40:06 +0000Crude oil prices have surged past $100 per barrel, driven by escalating vessel attacks in the Strait of Hormuz and a threatening storm near the United States Gulf coast. On Wednesday, October 7, Brent crude traded above $101 per barrel, while West Texas Intermediate crude approached $90 per barrel. The upward price movement persists despite Middle East crude oil exports recovering near pre-war levels. Meanwhile, shipping disruptions have spiked freight rates to record levels for Gulf-to-China voyages, compounding tight global energy supplies.Why it mattersThe spike in petroleum values highligh