Energy7:43 AM ET

Oil rebounds as U.S. strikes on Iran revive Strait of Hormuz supply risk

By BORSA NewsroomPublished Nov 3, 2026, 7:43 AM ESTUpdated Nov 3, 2026, 7:50 AM EST

Brent January futures rose 1.8% to $106.63; WTI January gained 2.4% to $97.08 after Monday's steep selloff. Fresh U.S. strikes on Iran and attacks on two vessels off Saudi Arabia and Oman kept maritime supply risk elevated.

Sentimentbearish 30

Bearish · 30 of 100

Impact70

medium · sector-wide

Confidence90%

high confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Brent January futures rose 1.8% to $106.63 a barrel.
WTI January futures rose 2.4% to $97.08 a barrel.