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2026-11-11T06:32:00.555Z

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Hormuz attacks lift oil prices

Hormuz attacks lift oil prices

Oil prices rose 1% on Wednesday, November 11, 2026, after falling to a two-month low, amid concerns that attacks on ships in the Strait of Hormuz would continue despite hopes of easing tensions in the conflict between the United States and Iran. Brent crude climbed to $92.20 a barrel, while Nymex rose to $86.50, after data showed that 37 ships were attacked in October—the highest monthly total since the war began.

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