https://www.live-feeds.com/feed/oil-prices-jump-on-outburst-of-violence-in-the-middle-eastContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-jump-on-outburst-of-violence-in-the-middle-easthttps://www.live-feeds.com/feed/oil-prices-jump-on-outburst-of-violence-in-the-middle-east#u116624Sun, 11 Oct 2026 15:50:20 +0000Global oil prices climbed more than 2% to surpass $105 per barrel on Thursday, driven by a sharp escalation of violence in the Middle East and production threats in the United States. Record tanker attacks orchestrated by Iran in the Strait of Hormuz restricted commercial shipping traffic to a two-month low. Concurrently, an approaching hurricane forced shutdowns at U.S. Gulf Coast production sites, compounding global supply fears. The crude surge triggered a broader market reaction, sending global bond yields higher and pushing stock indexes downward.Why it mattersThe disruption in the Strait