News & analysis · Macro

New13 Oct 2026AI summaryTranslated by AI

Oil Prices Waver as Middle East Geopolitics Offset Supply-Recovery Optimism

Impact on each asset
USD ■US dollarLimited
XAU ■GoldLimited
US ■US stocksLimited
SET ■Thai stocksLimited
BTC ■CryptoLimited

Summary

Brent crude fell to $105.91/bbl (−0.70%), while WTI rose to $94.32 (+0.62%), reflecting conflicting signals from Middle East tensions, tanker attacks in the Strait of Hormuz, and expectations for recovery in Gulf supply flows.

Why it moves markets

A flare-up in Houthi and Iranian attacks on tankers, including four hits in the Strait on 11 October, raises supply-chain uncertainty. However, US assistance in moving over 19 million barrels through Hormuz and global demand concerns keep a lid on further gains.

Deeper view and what to watch

Going forward, markets will track the trajectory of geopolitical risk (Houthi and Iranian escalation) and recovery rates (US inventory data, OPEC production announcements). A US-led release from strategic reserves or a de-escalation in the Red Sea could cap upside, while full-scale Strait disruption would shock markets.

For education only, not investment advice. Prices and figures change constantly, so check the sources before making decisions.

More stories

All news →