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Line chart of Brent and WTI daily closing prices in US dollars per barrel from September 9 to October 8, 2026.

Brent has closed above $100 on 15 of 22 sessions since September 9, while WTI has not closed above that level since September 17. Analysts read Brent as priced for Hormuz risk and WTI as priced for a Gulf of Mexico hurricane shut-in, which helps explain the wider gap. A statement that the United States will not attack Iran before the November 3 midterms narrows the tail risk without resolving the strait.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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