Brent Climbs to $95.30, WTI to $90.91 on Hormuz Disruption Fears

Hyperdash News09/02/2026 00:43 UTCCommodities

Brent crude reached $95.30 a barrel and West Texas Intermediate (WTI) climbed to $90.91. This rise followed increased concerns over potential disruptions in the Strait of Hormuz. The situation also pushed global bond yields to their highest levels since 2008, with the U.S. 10-year yield hitting 4.80% and Australia's 10-year yield reaching 5.22%.

The Strait of Hormuz is a critical chokepoint for global oil shipments, and disruption fears typically drive crude prices higher due to supply concerns. The corresponding jump in bond yields reflects broader market anxiety and a flight to safety or inflation expectations. On Hyperdash,

Brent Crude is down -0.11% and

WTI Crude is down -0.12% since the news was published.

Sources

First Squawk

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