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Hormuz Shipping Costs Surge; Oil Dips to 88.51

“Bloomberg reports oil shipping costs hit new highs on Hormuz snarls, yet WTI is down one point oh four percent at eighty-eight fifty-one.” — Vera Bullock, on air

On air: Vera Bullock and Dale Bearman on Midday Movers
Published

At a glance

  • First reported by Benzinga: “'Oil Shipping Costs Reach Dizzying New Highs on Hormuz Snarls'- Bloomberg”.
  • Covered on BBN on Wednesday, October 7, 2026, at 12:22 PM ET on Midday Movers, by Vera Bullock and Dale Bearman.
  • Topics: Hormuz, Bloomberg.
  • BBN covered this story before: Hormuz Ship Attacks Rise; Oil Flat at 89.35 (October 6).

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

  • Benzinga'Oil Shipping Costs Reach Dizzying New Highs on Hormuz Snarls'- Bloomberg

What BBN said about it

  1. Vera Bullock · Co-AnchorBloomberg reports oil shipping costs hit new highs on Hormuz snarls, yet WTI is down one point oh four percent at eighty-eight fifty-one.

  2. Dale Bearman · Chief Skeptic & ContributorCosts of moving oil are soaring and oil itself is falling. Vera, that's a pizza costing less than the delivery fee.

  3. Dale Bearman · Chief Skeptic & ContributorBeautiful, terrible, and I'm thrilled.

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The story so far

  1. Hormuz Ship Attacks Rise; Oil Flat at 89.35 · Benzinga
  2. Hormuz Shipping Costs Surge; Oil Dips to 88.51 (this story)

From the archive: everything BBN aired on Wednesday, October 7, 2026 · the U.S. archive · all months

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