Oil prices are rising to over 105 dollars after rumors that the White House could attack Iran before the US elections. Brent went up 5% to 105.09, while the WTI also went up 5% to $92.75.
© Lusa
08/10/2026
by
Lusa
Ooil prices are increasing to more than 105 dollars after information from the US media that the White House could attack Iran before the US elections scheduled for November 3.
Around 12:10 in Lisbon, the price of Brent's North Sea barrel, for delivery in December, went up 5% to 105.09 dollars.
The U.S. equivalent, the West Texas Intermediate barrel, for delivery in November, also earned 5% for $92.75.
“The White House asked the Pentagon to develop options for attacks against Iranian targets that could be carried out before the midterm elections, according to two administration officials,” explains The Atlantic magazine’s website.
The final decision would not have been taken yet, but “if large-scale combat operations are resumed, they should include massive bombings targeting Iranian energy and nuclear infrastructure,” adds the Axios medium citing “sources”.
The rise in prices is “a premium linked to headlines and nothing concrete is known for now,” says Neil Wilson, analyst at Saxo Markets.
The rise in the price of oil is also driven by continuous tensions around the Strait of Ormuz and by hostilities between the Huthis of Yemen and Saudi Arabia.
An oil tanker sailing off Qatar reported being hit “by multiple projectiles” and reported an undetermined number of victims, UKMTO said on Wednesday night.
And Huthis military spokesperson Yahya Saree said this morning that Yemeni fighters reached Riyadh International Airport with a ballistic missile.
In addition, the International Energy Agency (IEA) indicated in a statement on Wednesday that “the availability of all ‘stocks’ that were promised but have not yet been released under the March 2026 collective action would add about 100 million barrels to the market.”.
This statement follows the announcement last Friday of the G7 on the coordinated release of 100 million barrels by the IEA member countries.
According to Arne Lohmann Rasmussen of Global Risk Management, the volumes announced by G7 would therefore not be new barrels unlocked from the 400 million already promised in March.
“ The about 100 million barrels that should still be released are already part of the agreement concluded in March,” the analyst said.