Crude oil prices dip as Strait of Hormuz warning keeps Brent near $69
London, February 10, 2026, 11:25 — Regular session Oil prices slipped on Tuesday, giving back some of the previous session’s advance as traders kept a close eye on possible supply threats from U.S.-Iran friction. Brent crude eased 24 cents, or 0.35%, at $68.80 a barrel as of 1002 GMT. U.S. West Texas Intermediate lost 30 cents, down 0.47%, to $64.06. “Unless there are concrete signs of supply disruptions, prices will likely start going lower,” said PVM’s Tamas Varga, describing the market as “range-bound.” IG analyst Tony Sycamore, meanwhile, said the risk premium for potential disruption remains in place.