US-Iran war: Saudi-led coalition strikes 82 Houthi targets after airport attacks, tanker hit off Qatar, Iran-Oman agree Hormuz routes as Brent stays above $100
Quick Look
Oil prices stayed volatile on Thursday amid ongoing tensions in the Strait of Hormuz, following a Saudi-led coalition strike on 82 Houthi targets in Yemen and a reported projectile strike on a tanker off Qatar's northern coast, despite Iran and Oman agreeing on safe transit coordinates through the strait.
AI-generated summary
Why It Matters
Tensions in the Strait of Hormuz and broader Gulf region have been fueled by Houthi drone and missile attacks on Saudi infrastructure, prompting retaliatory strikes by the Saudi-led coalition. Oil markets react sharply to any perceived threat to shipping in this critical chokepoint for global energy supplies.
Oil prices remain volatile as Hormuz risks and tanker attacks disrupt markets
Last updated: October 08, 2026 | 07:43
Surabhi Vasundharadevi, Social Media Reporter ; Jay Hilotin, Senior Assistant Editor and Nathaniel Lacsina, Senior Web Editor
Donald Trumpiran nuclear programmeIsraelIranAmericaIran Israel conflictUS-Israel-Iran warus-iranStrait of Hormuz
Tensions remain high on Thursday after the Saudi-led coalition said it destroyed 82 Houthi military targets across four Yemeni provinces, in retaliation for drone and ballistic-missile attacks on airports in Riyadh and Abha that killed three people and injured dozens. In the Gulf, a tanker off Qatar's northern coast reported being struck by multiple projectiles, even as Iran and Oman agreed on the coordinates of designated safe transit routes through the Strait of Hormuz, a step forward that still falls short of guaranteeing unrestricted passage for commercial shipping. The uncertainty is keeping oil markets on edge, with Brent hovering just above $100 a barrel. Stay with us for real-time updates, analysis and reaction throughout the day.
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What to Watch
AI outlook — possibilities, not facts
Oil prices will remain volatile over the next week as markets assess the durability of the Iran-Oman Hormuz transit agreement amid ongoing military activity.
Likely · Within days
Open Questions
- Who carried out the projectile strike on the tanker off Qatar's northern coast?
- Will the Iran-Oman safe transit agreement be implemented and respected by all parties?
- How long will current oil price volatility persist amid ongoing regional tensions?
