WTI holds gains above $89.50 amid renewed Middle East hostilities
West Texas Intermediate (WTI) oil price rebounds after registering losses in the previous day, trading around $89.60 during the Asian hours on Thursday. Crude oil prices advance as investors assessed renewed hostilities in the Middle East alongside efforts to reopen the Strait of Hormuz. President Donald Trump said the latest attacks on Iran would be short-lived despite indicating that the US remains prepared for further strikes, while reiterating claims that the US controls Hormuz.
US President Donald Trump announced fresh strikes against Iranian targets around the Strait of Hormuz, framing them as retaliation for Tehran’s attempts to lay mines in the strategic waterway and a previous attack on a US military base. Trump further warned of a significantly larger military response should Iran choose to retaliate. In response, Iran claimed it had already targeted US bases across the region and launched missiles toward Jordan.
Adding to the tension, US Treasury Secretary Scott Bessent stated that Iran’s economy has entered an "acceleration phase" of bankruptcy. He emphasized that despite the conflict, 17 million barrels of crude oil passed through the Strait of Hormuz on Monday, signaling that Tehran lacks control over the vital trade corridor.
US tanker strikes mark escalation in Strait of Hormuz tensions
Strategists at BNY highlight that the latest US action in the Strait of Hormuz represents a notable shift in policy, stressing that “the move marks the first time that the U.S. has hit Iranian tankers in retaliation for attacks on ships in the Strait of Hormuz, rather than for violating the naval blockade.” They note that this change underpins the recent surge in geopolitical risk premia embedded in benchmark oil prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TransUnion Launches Mortgage Tool to Help Lenders Reduce Credit Costs
06:49 AM EDT, 10/08/2026 (MT Newswires) -- TransUnion (TRU) said Thursday it has launched First Look Functionality for Mortgage, allowing lenders to review credit insights before purchasing additional scores. The company said the tool can help mortgage lenders reduce unnecessary credit expenses and improve origination efficiency. Lenders can initially purchase a credit report alone or with a selected score, then add scores when needed, it said. The functionality supports both soft- and hard-pull workflows and is compatible with GSE and FHA automated underwriting systems, it added.
Slovakia will approve Tesla's autonomous driving technology
Reuters, October 8 – Slovakia is expected to approve Tesla’s TSLA.O Full Self-Driving (FSD) system within a few days, according to a video posted Wednesday afternoon on LinkedIn by Transport Minister Jozef Ráž. This move will make Slovakia the ninth EU country to approve this driver-assistance technology. "Data shows these vehicles reduce accident rates, and that is our goal," he stated. Ráž said the ministry would send a letter of recognition to the Netherlands, where the Dutch regulator RDW approved the system earlier this year and acts as the main supervisory body for Tesla’s European approval process. "Once this letter is delivered, the FSD system can also be used here. But remember: you are still the driver and remain responsible for the vehicle. We do this for your safety," Ráž said in the video. The minister's comments closely followed a Reuters report detailing how Tesla lobbied for FSD approval in Europe by framing regulators as barriers to advancing road safety technology. Several European countries, including the Czech Republic, Slovenia, and Denmark, have approved the use of the system earlier this year. An EU-wide vote on FSD could take place as early as December. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Since automated translation may be incorrect or may not provide the necessary context, Reuters does not guarantee the accuracy of automated translation and provides it purely as a convenience for readers. Reuters assumes no responsibility for any damage or loss caused by use of automated translations.)
Japanese Yen: Breakout to set direction against US Dollar - Societe Generale
Bookook Securities chairman Kim Joong-Kun lifts stake to 35.34% from 35.32% in disclosure
Bookook Securities chairman Kim Joong-Kun raised his stake to 3,664,777 shares, or 35.34%, from 35.32%. The holding increase totaled 2,133 shares, driven by on-market purchases by Kim Joong-Kun, plus a related party. The disclosure event date was Oct. 6, 2026. The report reference date was Oct. 8, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bookook Securities Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261008000722), on October 08, 2026, and is solely responsible for the information contained therein.
Crypto prices
More
