Oil spikes 4%: Brent tops $104 as Gulf Hurricane shut-ins and Iran risks tighten supply
- Posted on October 8, 2026
- By Financial Express
- 1 Views
- 1 min read
In brief
Global crude markets experience significant volatility as multiple supply disruptions converge. Hurricane-related production shutdowns across the Gulf of Mexico, combined with escalating geopolitical tensions in Iran, have constrained available oil supplies. Brent crude surges above $104 per barrel while West Texas Intermediate approaches $92, reflecting investor concerns about sustained supply constraints and potential further disruptions in critical energy-producing regions.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Oil spikes 4%: Brent tops $104 as Gulf Hurricane shut-ins and Iran risks tighten supply
Oil jumps 4% as Gulf storm shut-ins and Middle East tensions tighten supply; track Brent above $104 and WTI near $92.
