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A Tale of Two Gulfs

Hormuz transits remain badly disrupted, with attacks on tankers at their highest weekly level since the war began.
Published: October 8, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
,
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
14 page report
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After spending all of September and the start of October coiled up in a triangle, M1 Brent has finally broken out above resistance at around $102/bbl and is now sitting at $105.40/bbl.

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Written by

Martha Dowding

Research Associate, Flux
Martha Dowding

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

Vincent Wu

Research Associate, Flux
Vincent Wu

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