WTI holds above $103 on Hormuz attacks and Iran risk: Oct 31, 2026
WTI is holding above $100.00 and near five- to six-month highs after new attacks on tankers in the Strait of Hormuz raised supply concerns, with reports that Trump is weighing military options against Iran. Diplomatic hopes and talk of an Iran peace deal have steadied prices below recent peaks, while banks see elevated prices extending into 2027 as supply risks deepen.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the WTI page.
Headlines (8)
Carried over from earlier days
- WTI Oil eases from highs on Iran peace hopes but remains above $100.00FXStreet
- WTI steadies below $102.00 as diplomatic hopes offset Middle East supply risksFXStreet
- Oil rises near 6-mth high as Trump weighs military options against IranHellenic Shipping News
- WTI Oil holds above $103.00, near five-month highs amid new attacks in the Strait of HormuzFXStreet
- Futures Slide As AI Reckoning Claims Amazon, Intel; Oil Jumps On Hormuz Tanker HitsZeroHedge
- Oil Traders Brace for a Wild Week as Brent Approaches $120OilPrice.com
- Banks see elevated oil prices extending into 2027 as supply risks deepenoilandgas360.com
- Oil moves higher just before midtermsogj.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Saturday, October 31 | ||
| Manufacturing PMI | 49.9 | CNY |
| Non-Manufacturing PMI | 50.0 | CNY |
| Sunday, November 1 | ||
| Manufacturing PMI | CNY | |
| Non-Manufacturing PMI | CNY | |
| Daylight Saving Time Shift | USD | |
| Daylight Saving Time Shift | CAD | |
| FOMC Financial Stability Report | USD | |
| Monday, November 2 | ||
| RatingDog Manufacturing PMI | 52.0 | CNY |