QeshmBrent regained $106 a day after falling 7.6%.
The Strait of Hormuz carried about a fifth of the world’s oil and gas before February.
US forces hit Iran’s Qeshm Island, at the strait’s mouth, late Monday, officials calling it a defensive measure.
Trump has ruled out a new wave of major strikes before the midterms.
Polymarket traders give a US-Iran Hormuz agreement by 31 December a 40% chance, up 8 points in a week.
How each outlet framed it
drawn from 150+ reports worldwide
- The National
- quotes Emirates NBD saying the Qeshm strike jeopardises the diplomatic opening, not only oil supply
- Financial Times News
- pairs the oil move with Trump ruling out new major strikes before the vote, not just the Qeshm incident
- Sarajevo Times
- credits a third day of Iranian-Qatari talks, not the Qeshm strike, for the 3% oil drop
Sources: The National, Financial Times News, Sarajevo Times