Oil Gains More Than $3 as Hormuz Restrictions Return to Focus

August 6, 2026

News summary: Reuters reported Brent rose $3.04 to $82.49/bbl and WTI gained $2.07 to $77.29/bbl after an Iranian parliamentary committee reviewed a proposal to restrict U.S., Israeli and other vessels deemed hostile.

Market context: The renewed price jump showed that vessel flag, ownership, destination and cargo value could become material execution risks alongside benchmark and freight.