Markets·October 13, 2026 at 11:53 AM EDT·8 sources
Oil Ends Mixed as Traders Weigh Middle East Risks, Russian Diesel Supplies
SHEL +2.2%
SHEL · last 30 trading days+6.5% since the news
News
Brent crude$106.37 per barrel
West Texas Intermediate$94.72 per barrel
What happened
- Oil prices were mixed before rising as traders weighed Middle East supply risks against prospects for additional Russian diesel exports.
- Iranian attacks on tankers in the Strait of Hormuz intensified, while Houthi attacks on Saudi Arabia included damage to a Saudi Aramco building.
- Shipping-industry sources reported possible slower cargo flows through Hormuz, though satellite data and some operators showed no clear broad export disruption.
Brent crude
$106.37 per barrel
West Texas Intermediate
$94.72 per barrel
Crude exiting Hormuz
12 million barrels a day
Fuels exiting Hormuz
another 2 million
Why it matters
Higher shipping and supply-disruption risks could affect energy markets, fuel costs, commodity-linked credit and corporate planning across the energy and industrial sectors. The lack of clear evidence of sustained export reductions keeps the market focused on whether attacks translate into materially lower flows.
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Timeline
- First reported by Insurance JournalOct 13Iran Escalates Attacks on Ships, Threatening Oil Export Recovery
- The Wall Street Journal reportsOct 13Oil Ends Mixed as Traders Weigh Middle East Risks, Russian Diesel Supplies
- CNBC reportsOct 13Oil prices mixed as traders assess Russian diesel supply prospects and Saudi-Houthi conflict
- OilPrice.com reportsOct 14Oil Prices Climb Above $106 as Iran Threatens More Tanker Attacks
- The New York Times reportsOct 14Oil Prices Rise as Iran Steps Up Attacks and Fighting Intensifies
- Rigzone reportsOct 14Oil Gains as Global Supply Risks Mount
- Bloomberg reportsOct 14Oil Gains as Middle East, Russia Hostilities Imperil Flows
- Financial Times reportsOct 16Brent hits 5-month high above $110 on continued tension in Middle East
Who is involved
Oil Ends Mixed as Traders Weigh Middle East Risks, Russian Di…IranSaudi ArabiaSaudi AramcoHouthisShell PlcSHELVitol GroupBahriAhmed Ali Alsubaey
AgencyCompanyPerson
Sources (8)
- Insurance JournalOct 13Iran Escalates Attacks on Ships, Threatening Oil Export Recovery
- The Wall Street JournalOct 13Oil Ends Mixed as Traders Weigh Middle East Risks, Russian Diesel Supplies
- CNBCOct 13Oil prices mixed as traders assess Russian diesel supply prospects and Saudi-Houthi conflict
- OilPrice.comOct 14Oil Prices Climb Above $106 as Iran Threatens More Tanker Attacks
- The New York TimesOct 14Oil Prices Rise as Iran Steps Up Attacks and Fighting Intensifies
- RigzoneOct 14Oil Gains as Global Supply Risks Mount
- BloombergOct 14Oil Gains as Middle East, Russia Hostilities Imperil Flows
- Financial TimesOct 16Brent hits 5-month high above $110 on continued tension in Middle East
Related
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