Trade

More tankers are moving through Hormuz.

The Times's Wednesday front said oil exports in the Middle East are rising even while prices stay high. Supply is still short of demand.

The Rocket News · Washington Bureau · New YorkSeptember 30, 2026 · 3 min read

More tankers are moving through the Strait of Hormuz. Prices are still high, and supply is still short.

NEW YORK — The Wednesday front of The New York Times led its business news with the strait. More tankers are moving through Hormuz as shippers gain confidence, Peter Eavis reported, even as attacks have not stopped. Prices remain elevated. The global supply of oil is still below demand.

Five days ago Iran offered to reopen the strait in seven days if Washington lifted the blockade and waived oil sanctions. The Economy desk does not treat that offer as a deal. It files what the paper printed this morning: the ships are moving, and the barrel is still scarce.

More tankers are moving. The global supply of oil is still below demand.

The diesel-export argument on the same front, the Republicans asking Trump for a ban, is a second story. This note is the traffic in the strait.

Wire and further reading: nytimes.com

Filed under Economy

Keep reading

Vessels in the Strait of Hormuz, seen from Musandam, Oman, Oct. 2, 2026. Reuters. It is a file photograph. It is not Wednesday’s trade, and no one is named.

Oil

Brent was $104.36 at 0730 GMT.

Reuters, Wednesday morning: up 76 cents. WTI was $96.72. That is not a New York close. The photograph is Oct. 2, not today’s trade.

Traders on the floor of the New York Stock Exchange, Nov. 2, 2026. Brendan McDermid, Reuters. It is not Tuesday’s Asian print, and no trader is named.

Markets

Brent was $105.19 in Asia. That is not a New York close.

Reuters, Tuesday: Brent was up 0.4 percent at $105.19 in Asian trading after a drop of about 7 percent on Monday. The photograph is the New York Stock Exchange on Nov. 2, not that print.

The U.S. Capitol, framed by fall foliage, Sept. 28, 2026. Kylie Cooper, Reuters. It is not a trading floor, and it is not Sunday’s session. Markets were closed.

The budget

The deficit is still about 6 percent. That count is Friday's.

Reuters, Friday in New York: investors see no fix for a deficit around 6 percent of GDP and a $2 trillion gap, whoever wins Tuesday. The photograph is the Capitol on Sept. 28.