Oil is trading higher after Iran reported that a crude oil supertanker was hit and caught fire in the Strait of Hormuz. The upward move is also supported by reports that Iran-backed Houthi militants in Yemen attacked King Khalid International Airport in Riyadh, Saudi Arabia, on Saturday, adding to concerns over regional instability.

The Oil Market Is Breaking Apart: Brent-WTI Price Gap Hits $13

Brent trades $13 above WTI as record tanker rates keep U.S. crude at home. Freight to China now costs $40 a barrel, and BNO is outpacing USO. 2011 offers a guide.

Jim Cramer Warns Investors Not to Get Fooled Again as Trump's Russia-Ukraine 'Energy Ceasefire' Sends Oil Prices Lower: 'As Long as There Is a War…'

Cramer says investors shouldn’t overreact to ceasefire-driven oil declines, warning war risks and tight supplies could keep crude near $100.

API Crude Oil Stock 11.12M Barrel Draw Vs 1.90M Barrel Build Est.

ASML Earnings Signal Strong AI Demand Yet Stock Falls, Emphasizing Market Character Shift—CPI Squashes Hopium

Market Character Shift Please click here for an enlarged chart of ASML Holding NV (NASDAQ:ASML). Note the following: This article is about the big picture, not an individual stock. The chart of ASML stock

Reported Earlier: 'Container ship sinks near Hormuz after being hit by projectile' - Reuters

https://www.reuters.com/world/asia-pacific/container-ship-sinks-near-hormuz-after-being-hit-by-projectile-sources-say-2026-10-14/

Russia's Novak Says Ukraine Attacked Two Oil Refineries In Russia Today, One In Saratov Region And One In Ryazan Region; Says We See That Ukraine Is Not Showing Any Signs Of Moving Toward An Energy Truce

- Reuters