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Tuesday, October 20, 2026Updated 12:05 UTC

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Brent Tops $110 as Tanker Attacks Threaten Persian Gulf Supply

Source: OilPrice.com · Oct 20, 2026 04:56 UTC

An oil tanker ship in the Houston Ship Channel — File photo roger4336 / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Crude oil prices extended their climb today, with Brent topping $110 per barrel again earlier in the day, and WTI back at over $100, as traders turn increasingly pessimistic about the resumption of normal oil flows out of the Persian Gulf. At the time of writing, Brent crude was trading at $109.68 per barrel, with West Texas Intermediate at $98.55 per barrel. Brent crude is trading at its highest

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