[MARKET UPDATE] Crude continues ticking higher and closes the gap seen at the open following the UKMTO report of an incident 78 NM north of Fujairah, UAE; WTI Jun top end of 99.11-102.26/bbl range, Brent Jul top end of 105.55-108.80/bbl range

Crude prices are reacting to geopolitical tensions following an incident reported by the UK Maritime Trade Operations near Fujairah, which may raise concerns over supply security in the region.

Newsquawk StaffPublished 4 May 2026, 00:43 UTCOn the live feed at 00:23 UTC, 20 minutes before this page

Newsquawk headlinesUTC

00:50

[MARKET UPDATE] WTI and Brent futures see a dip of around USD 0.70/bbl in a minute with a volume surge observed; newsflow remains light

00:49

PRE-MARKET TAIWANESE AND SINGAPOREAN STOCKS NEWS

00:23

[MARKET UPDATE] Crude continues ticking higher and closes the gap seen at the open following the UKMTO report of an incident 78 NM north of Fujairah, UAE; WTI Jun top end of 99.11-102.26/bbl range, Brent Jul top end of 105.55-108.80/bbl range

00:11

UKMTO reports an incident 78 NM north of Fujairah, UAE; "a tanker has reported being hit by unknown projectiles. All crew reported safe"

00:02

[MARKET UPDATE] Mixed start to the session with ASX 200 -0.2% and KOSPI +2.5%; US equity futures remain flat with a mild upward bias

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

The WTI and Brent benchmarks are approaching the upper ends of their recent trading ranges, indicating heightened market sensitivity to such risks and potential support for prices if the situation escalates.

All markets · last 90 days

Recent headlines that moved markets

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Equity indices, after we published−0.3%

Modest downside seen across equity futures as energy prices tick higher.

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.