Markets·October 18, 2026 at 6:16 PM EDT·7 sources
Brent crude hovers near $109 a barrel as Ukraine resumes energy strikes, tankers attacked in Middle East
Brent crude$110.30 per barrel
West Texas Intermediate$99.12 per barrel
What happened
- Brent crude rose above $110 as traders assessed attacks on vessels in the Strait of Hormuz and broader Middle East supply risks.
- Ukraine resumed strikes on Russian energy facilities, with fires reported at an oil terminal and depot in St. Petersburg.
- Gulf oil shipments averaged 24.6mn barrels per day, above 23.3mn before the conflict, as vessels used alternative routes.
Brent crude
$110.30 per barrel
West Texas Intermediate
$99.12 per barrel
Gulf producer shipments
24.6mn
St. Petersburg terminal refined-product exports
120,000 barrels per day
Why it matters
Energy and credit professionals face heightened oil-price and supply-disruption risk, while recovering Gulf exports may temper the geopolitical premium. Corporate-finance and industrials teams should monitor fuel-cost and logistics exposure.
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Timeline
- First reported by CNBCOct 18Brent crude hovers near $109 a barrel as Ukraine resumes energy strikes, tankers attacked in Middle East
- The Wall Street Journal reportsOct 19Oil Prices Fall as Traders Weigh Russia Sanctions Waiver, Middle East Risks
- OilPrice.com reportsOct 21Oil Prices Climb Above $110 as Middle East Supply Fears Persist
- Financial Times reportsOct 21Middle East oil exports climb back to prewar levels
- Bloomberg reportsOct 21Middle East Oil Flows Near Prewar Levels Defy Hormuz Attacks
- Rigzone reportsOct 21Oil Gains After Saudi Oil Field Attack
- MarketWatch reportsOct 22Mideast oil exports are recovering. Fresh attacks in Saudi Arabia show risks remain.
Who is involved
Brent crude hovers near $109 a barrel as Ukraine resumes ener…UkraineRussiaIranHouthi militantsSaudi AramcoDonald TrumpVolodymyr Zelenskyy
AgencyCompanyPerson
Sources (7)
- CNBCOct 18Brent crude hovers near $109 a barrel as Ukraine resumes energy strikes, tankers attacked in Middle East
- The Wall Street JournalOct 19Oil Prices Fall as Traders Weigh Russia Sanctions Waiver, Middle East Risks
- OilPrice.comOct 21Oil Prices Climb Above $110 as Middle East Supply Fears Persist
- Financial TimesOct 21Middle East oil exports climb back to prewar levels
- BloombergOct 21Middle East Oil Flows Near Prewar Levels Defy Hormuz Attacks
- RigzoneOct 21Oil Gains After Saudi Oil Field Attack
- MarketWatchOct 22Mideast oil exports are recovering. Fresh attacks in Saudi Arabia show risks remain.
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