{
  "id": 12915931,
  "title": "Crude Oil grinds higher on record tanker attacks and Houthi missiles",
  "url": "https://urgent.news/2026/10/08/crude-oil-grinds-higher-on-record-tanker-attacks-and-houthi-missiles",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T16:14:54.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/crude-oil-grinds-higher-on-record-tanker-attacks-and-houthi-missiles-202610081614"
  },
  "original_language": "en",
  "account": "Crude Oil prices have surged to their highest level since mid-September, driven by a series of attacks on tankers in the Gulf of Oman. Ten tankers were struck in the strait between September 28 and October 4, exceeding the previous weekly record of six. Only seven tankers crossed the strait on Tuesday, a significant drop from the usual seven-day average. Only about 60% of Gulf Crude Oil exports still used the strait in September, with the majority being shuttled between tankers off Oman and the United Arab Emirates. Hiring a tanker from the Gulf to China reached a record $1.3 million per day in early October. The US and Israeli officials have stated that the attacks could occur before the November midterms, potentially targeting Iranian energy sites. Isaias, a hurricane forming in the Gulf of Mexico, has forced Shell to evacuate and shut down five platforms, while Chevron has started shutting down four facilities. The storm is expected to reach the US coast early Saturday, further impacting supply and prices. The University of Michigan's consumer sentiment report, released on Friday, is expected to show a second-lowest reading in the survey's 74-year history. Crude Oil prices are expected to remain high through 2027, according to Fed Governor Waller.",
  "summary": "Gulf Crude Oil exports got back to their pre-war level in September by two routes, a tanker shuttle across the Strait of Hormuz and a detour around it, and both have come under attack since September. Crude Oil trades just above $92.00, on track for its biggest one-day rise since September 10.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Saudi Gazette",
        "title": "Riyadh airport urges passengers to check flight status before departure",
        "url": "https://urgent.news/2026/10/08/riyadh-airport-urges-passengers-to-check-flight-status-before",
        "published": "2026-10-08T13:56:33.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "Riyadh King Khalid airport warns of flight delays, cancellations after Houthi attacks",
        "url": "https://urgent.news/2026/10/08/riyadh-king-khalid-airport-warns-of-flight-delays-cancellations-after",
        "published": "2026-10-08T14:18:43.000Z"
      },
      {
        "outlet": "Hindustan Times",
        "title": "Smoke seen at Riyadh airport; flights cancelled, kindergarten, hospital damaged as tensions escalate",
        "url": "https://urgent.news/2026/10/08/smoke-seen-at-riyadh-airport-flights-cancelled-kindergarten-hospital",
        "published": "2026-10-08T15:11:54.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Houthi attacks escalate as smoke billows from plane at Riyadh airport",
        "url": "https://urgent.news/2026/10/08/houthi-attacks-escalate-as-smoke-billows-from-plane-at-riyadh-airport",
        "published": "2026-10-08T16:22:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}