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Oil jumps 4% as Trump rules out Iran deal, stocks slip

Summary by Quartz
Brent crude is trading above $104 a barrel after a fresh tanker attack in the Persian Gulf added to pressure on equity markets

5 Articles

The material previously published was with closing and quotation values of the WTI and Brent contracts inverted.

Oil prices jumped when Thursday's deals were settled, with continuing concerns about supply disruptions and shipping threats in the Middle East, despite the US President's indication that he would not attack Iran before the mid-renewal election. Raw . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .…

Oil prices closed up about 4% on Thursday.

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Quartz broke the news in New York, United States on Thursday, October 8, 2026.
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