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October 9, 2026
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A crude oil tanker at sea — oil prices jumped Thursday as attacks on tankers in the Strait of Hormuz disrupted traffic.
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Trump Rules Out New Iran Strikes Before Midterms as Oil Nears $105 and Yields Hit New 24-Year High

Zark News StaffOctober 8, 20264 min read

President Trump said the U.S. will not launch new strikes on Iran before the midterm elections, after escalation fears pushed oil toward $105 a barrel and the 10-year yield to a new 24-year high.

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Oil pump jack at sunset, a contextual image for rising crude oil prices. Photo by Zbynek Burival on Unsplash.
  • Finance & Markets
  • U.S.

Oil Prices Surge as Hormuz Tanker Attacks Disrupt Traffic; Stocks Extend Slide From Records

Zark News StaffOctober 8, 20263 min read

Brent crude settled at $104.28 as Middle East tensions and Gulf production concerns lifted oil. At the October 8 close, the Nasdaq fell 1.25% to 27,193.34, the S&P 500 lost 0.47% to 7,765.36, and the Dow rose 0.10% to 51,231.64.

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