
Brent Crude Jumps Nearly 5% in a Day to Top $87 as Iran Ties Hormuz Reopening to Six Conditions and Houthis Claim Drone Strike on Saudi Jazan Refinery (Monday, August 10, 2026)
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SahminoThe market is closed for the weekend. Next session: Saturday Oct 10, 2026 at 9:00 AMSahmino editorial· 12 August· Short· 01:24
Citing International Energy Agency estimates, Oilprice.com reports UAE crude output jumped from 3.3 million barrels a day in May to a record 4.1 million bpd in June. Since June, ADNOC has sold more than 90 million barrels via eight spot tenders that route around the Strait of Hormuz, even as Bank of America says only 5 to 10 ships a day now transit the Strait, versus about 140 before the war.

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