Oil rises on worries over supply disruptions as spill near Oman worsens

The 'Al-Riqqa' oil tanker (L) and 'Al-Yarmouk' oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026. Yasser Al-zayyat | Afp | Getty ImagesOil rose on Thursday recent deadly attacks on vessels in the Gulf of Oman and the Red Sea, and as a spill near Oman continued to spread. Futures for international benchmark Brent crude for October delivery gained 1.01% to $88.09 a barrel. U.S. West Texas Intermediate futures for September advanced 1.15% to $82.31 per barrel.Stock Chart IconStock chart icon Brent Oman's coastline has reportedly started to be affected by a massive oil spill caused by a leaking tanker that ran aground June 30 carrying an estimated 800,000 barrels of Russian oil and is under international sanctions, according to Reuters. It's leaking near a nature reserve that's home to wildlife including Arabian Sea humpback whales and ​Socotra cormorants, Reuters reported.Meanwhile, the International Energy Agency said Wednesday that global oil demand is set to fall further than previously expected this year, amid a deepening impact from the closure of the Strait of Hormuz. "Renewed hostilities and maritime disruptions" are undermining efforts ...