# $120 Oil Is Almost Here, and Trump Has Few Good Options

- Source: OilPrice.com
- Published: 2026-10-23T16:30:00+00:00
- Category: Markets
- Original: https://oilprice.com/Energy/Energy-General/120-Oil-Is-Almost-Here-and-Trump-Has-Few-Good-Options.html
- Canonical: https://groundlevelnews.com/story/120-oil-is-almost-here-and-trump-has-few-good-options-7c434c/

Brent crude nears $120 as escalating Saudi-Houthi tensions fuel another weekly oil price rally, putting fresh pressure on Trump. Friday, October 23, 2026 The slow creep of oil prices towards the $120 per barrel mark is a nightmarish scenario for US President Trump, even though there has been little fundamental change in the crude oil markets. A slight drop in freight rates and a ubiquitous flatten

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