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Oil Crisis Monitor
Updated: Oct 8, 2026 — 4:15 AM MT
Strait of Hormuz
221
Days
Day 221 — A tanker was struck by multiple projectiles north of Qatar on Oct 7, with casualties reported (UKMTO). The strait remains closed.
Day 221: a tanker is struck by multiple projectiles north of Qatar with casualties reported, the first attack that deep in the Gulf since Sep 9.
Brent Crude
+37.0% since closure
$100.20
/bbl
Today: −$0.38 (−0.4%)
U.S. Gas Avg
+45.4% since closure
$4.36
/gal
Today: −$0.01
WTI Crude
+27.9% since closure
$88.28
/bbl
Today: −$1.16 (−1.3%)
Next
IMF PortWatch weekly Hormuz transit update
5 days
Oct 13
USMCA Tariffs
25% IEEPA + 232 duties
IN EFFECT
190
Day
2026 SAAR Forecast
16.1–16.8M
▼ 16.8M
prev. forecast
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