Escalating US-Iran tanker attacks heighten supply concerns, oil prices continue to rise on Monday

Bitget

News

智通财经2026/09/07 01:06

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

International oil prices continued their weekend rally on Monday, with WTI crude futures climbing nearly 1% to $92.57 per barrel at one point and currently trading around $91.92 per barrel, up about 0.50%. Over the weekend, the US military attacked three Iranian oil tankers in the Strait of Hormuz and surrounding Iranian waters, stating the move was in response to the Iranian Revolutionary Guard launching ballistic missiles at US Navy vessels; meanwhile, the Iranian Revolutionary Guard announced it had targeted three tankers for violating navigation rules within the strait, as well as three US ships in other maritime areas.
Maritime intelligence company Marisks pointed out that Saturday's (September 5) attack marks a "significant escalation of maritime conflict," with commercial oil tankers now being deliberately used as tools to exert economic pressure on each other, and the boundary between military confrontation and commercial shipping has been greatly diminished. According to Iranian state media, Iran's top security official announced a new restricted area would be established outside the Strait of Hormuz, further heightening market concerns about long-term disruptions to energy transportation.
Data from Kpler shows that in the past 10 days, an average of only 10 bulk vessels per day passed through the Strait of Hormuz, the lowest level since May. Analysts at ANZ Bank believe a prolonged standoff between the US and Iran, occasionally accompanied by carefully measured military actions from both sides, is the most likely scenario. They expect exports to remain constrained for the rest of 2026, with a return to pre-war levels not expected until the end of the first quarter or early in the second quarter of 2027.
OPEC+ announced at its meeting on Sunday that it would maintain its October production policy unchanged, stating that no adjustments to production measures would be made until a new quota agreement is reached. Analysts noted that the ongoing Iranian conflict continues to disrupt oil exports through the Strait of Hormuz, severely weakening the coalition of oil-producing countries’ real influence over oil prices, and that production adjustments on paper are now insufficient to offset the actual supply disruption pressure caused by the blockade of conflict areas.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Escalating US-Iran tanker attacks heighten supply concerns, oil prices continue to rise on Monday

You may also like

Crypto prices