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Thursday, 8 October 2026dailybeirut.com
Economy
Brent futures jumped by three dollars to reach $103.20 per barrel due to escalating maritime threats in the Gulf and production halts caused by a hurricane in the United States.
Futures for Brent crude climbed by three dollars, reaching a price of $103.20 per barrel. This upward movement occurred as attacks on shipping traffic intensified within the Gulf region and the Strait of Hormuz.
The market shift was also driven by a hurricane in the United States that resulted in a suspension of oil production there. Reuters reported these developments regarding the commodity's price action.
