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Oil reportedly nears $104 a barrel amid reports the White House is weighing strikes on Iran

A post citing Bloomberg says Brent hit a monthly high while stocks slipped and the 10-year Treasury yield reached 5.31%.

Mario NawfalMN
MegatronME
Insider PaperIP
4 Sources, 3h ago, first seen 3h ago

TLDR

A post citing Bloomberg says oil rose to nearly $104 a barrel amid reports the White House was weighing strikes on Iran before the midterms. It also says Houthi strikes on two Saudi airports killed three people, while stocks slipped and the 10-year Treasury yield climbed to 5.31%. A separate post claims Iran struck an Emirati oil tanker off Fujairah—the second Iranian tanker strike beyond the Strait of Hormuz in 24 hours.

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91.1K

4 Sources, first seen 3h ago

1.5K likes81 comments64 saves277 reposts

Combined views

91.1K

4 Sources, first seen 3h ago

1.5K likes81 comments64 saves277 reposts

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Sentiment

Positive——Negative

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4 Sources

Mario Nawfal@MarioNawfal🇺🇸 Oil just shot up to nearly $104 a barrel, and markets are starting to sweat. Brent hit its highest level this month after reports the White House is weighing strikes on Iran before the midterms, while the Houthis hit 2 Saudi airports, killing 3 people. That's bad news for anyone hoping prices come down. Higher oil means higher inflation, and the Fed already raised rates last month for the first time since 2023, with more hikes now on the table. Global stocks slipped from near-record highs, and the 10-year Treasury yield climbed to 5.31%, closing in on levels last seen in 2002. In plain English, borrowing money keeps getting more expensive. Even shipping oil is costing more, with supertanker rates hitting a fresh record. Gas, groceries and mortgages are all going the wrong way, just in time for the midterms. Sources: Bloomberg / Writer: Julie3h
Megatron@Megatron_ronBREAKING: 🇮🇷🇺🇸 Iran has struck an Emirati VLCC (very large crude carrier) anchored off the coast of Fujairah, United Arab Emirates It marks the second oil tanker struck by Iran beyond the Strait of Hormuz within just the past 24 hours. Targeting ships anchored at ports is a clear escalatory step, aimed at reducing illegal traffic.1h
Insider Paper@TheInsiderPaperBREAKING: World oil prices soar 5% on reports US could launch new attack on Iran1h
Coin Bureau@coinbureau📈BREAKING: Brent oil prices have risen every hour for the last 16 hours, extending gains by 5% to above $105 a barrel.1h
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    4 Sources

    Mario Nawfal@MarioNawfal🇺🇸 Oil just shot up to nearly $104 a barrel, and markets are starting to sweat. Brent hit its highest level this month after reports the White House is weighing strikes on Iran before the midterms, while the Houthis hit 2 Saudi airports, killing 3 people. That's bad news for anyone hoping prices come down. Higher oil means higher inflation, and the Fed already raised rates last month for the first time since 2023, with more hikes now on the table. Global stocks slipped from near-record highs, and the 10-year Treasury yield climbed to 5.31%, closing in on levels last seen in 2002. In plain English, borrowing money keeps getting more expensive. Even shipping oil is costing more, with supertanker rates hitting a fresh record. Gas, groceries and mortgages are all going the wrong way, just in time for the midterms. Sources: Bloomberg / Writer: Julie3h
    Megatron@Megatron_ronBREAKING: 🇮🇷🇺🇸 Iran has struck an Emirati VLCC (very large crude carrier) anchored off the coast of Fujairah, United Arab Emirates It marks the second oil tanker struck by Iran beyond the Strait of Hormuz within just the past 24 hours. Targeting ships anchored at ports is a clear escalatory step, aimed at reducing illegal traffic.1h
    Insider Paper@TheInsiderPaperBREAKING: World oil prices soar 5% on reports US could launch new attack on Iran1h
    Coin Bureau@coinbureau📈BREAKING: Brent oil prices have risen every hour for the last 16 hours, extending gains by 5% to above $105 a barrel.1h
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