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Monday, October 26, 2026Updated 07:44 UTC

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Oil Prices Dip but Hold Above $100 as Middle East Supply Threats Mount

Source: OilPrice.com · Oct 26, 2026 06:03 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 began trading with a dip this week but remain significantly elevated as hostilities between Yemen’s Houthis and Saudi Arabia, as well as Iranian attacks on tankers in the Persian Gulf, continue. At the time of writing, Brent crude was trading at $114.42 per barrel, down from over $116 per barrel last week but up from around $60 per barrel at the end of 2025. West Texas Intermediat

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