Oil Surges More Than 6% as Shipping Attacks Deepen Supply Fears

September 10, 2026

News summary: Reuters reported Brent rose 6.34% to settle at $107.63/bbl and WTI gained 6.69% to $102.48/bbl after intensified attacks on shipping raised concern over already-tight physical supply.

Market context: The simultaneous risk to Hormuz and Red Sea routes increased the importance of confirmed loading, route approval, war-risk cover and short offer validity.