Ren: eight tankers attacked this week! Granny Ume: it carried a fifth of the world's oil. Mio: oil stays dear? Granny Ume: dear oil, dear loans, the analysts say; yields touched five point three four. Poko: since two thousand two.
Oil prices are not falling as expected because at least eight tankers were attacked in the Gulf in one week, in a strait that carried a fifth of the world's oil before the war with Iran began on February 28; analysts say the dearer energy is one reason the ten-year Treasury yield touched 5.34%, its highest since 2002, before easing, and one consultant says the real worry is an expected rise in attacks after the midterm elections.
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Oil Prices Jump on Outburst of Mideast Violence
The New York Times · Oct 11, 2026
