WTI and Brent crude oil both top $100 per barrel, as escalating Middle East tensions stoke supply concerns.
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According to Bitget market data, oil prices surged more than 6% on Thursday, with both U.S. and Brent crude futures rising above $100 per barrel. Brent crude November futures settled up $6.42, or 6.34%, at $107.63 per barrel. WTI crude October futures rose $6.43, or 6.69%, to $102.48 per barrel. Both benchmark crude prices hit their highest levels since May 19 and notched their largest single-day gain in nearly two months. Reports say the Houthi armed group seized control of Yemen’s Al-Mukha Port on Thursday, which may further threaten Red Sea shipping. Meanwhile, as attacks on oil tankers in the Gulf region have intensified in recent days, shipping through the Strait of Hormuz remains restricted. Masabni, head of business development at XS, said Houthi attacks on Saudi energy facilities have introduced new sources of risk to the market, extending concerns beyond Iran and the Strait of Hormuz. He added that the threats are no longer limited to a single key shipping lane, but could trigger cascading disruptions to regional export routes, oil production facilities, and other energy infrastructure.
Tencent-owned Riot Games recently discussed esports sponsorship deals with Kalshi and Polymarket.
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Meme coin Flybrain has surpassed a $25 million market cap, with an a16z co-founder following the project’s official X account.
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Suspected PURR address increases holdings and stakes 365,000 HYPE tokens, valued at approximately $29.65 million.
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Instinct’s Skyrocketing Popularity Triggers Computing Power Shortage; Project That Just Raised $250 Million Seeks Additional $1 Billion in Funding
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Arthur Hayes increases his UNI position by 39,800 tokens, with an unrealized loss of $286,000 on the holding.
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Trump says he has no regrets about starting a war against Iran.
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