On 2026-10-17, Brent crude closed at $109.86 per barrel, up 3.94 dollars (3.7%), marking the first time it had exceeded $110 in five months. West Texas Intermediate closed at $101.41 per barrel, up 3.51 dollars (3.44%).
The same day, a Saudi‑led coalition intercepted a ballistic missile targeting Yanbu, raising fears of potential disruptions to Gulf supply routes.
Ukraine also struck a Russian oil refinery, highlighting the vulnerability of energy infrastructure in conflict zones.
Ukraine also struck a Russian oil refinery, highlighting the vulnerability of energy infrastructure in conflict zones.
Analysts and market experts noted that the combination of renewed Middle‑East tensions and attacks on energy infrastructure had increased market anxieties and driven prices upward.
Brent crude oil surpassed 110 dollars per barrel for the first time since May on growing concerns over Middle East supply stability. The upward pressure on benchmark prices reflects heightened market sensitivity to geopolitical dynamics and potential disruptions in global energy distributions. US West Texas Intermediate crude futures also saw sharp gains after rising significantly over the course of the week. Analysts and regional leaders continue to track these major energy shifts as global markets digest the impact of changing trade flows and supply conditions. Photo: WAM #OilMarket #BrentCrude #EnergyPrices #ArabTimesNews
In a statement, Ukrainian President Volodymyr Zelensky remarked, “کییف دیگر به آتشبسِ مربوط به تاسیسات انرژی — که پیشتر توسط دونالد ترامپ، رئیسجمهور آمریکا مطرح شده بود — پایبند نیست.”
The price surge signaled heightened geopolitical uncertainty in the global oil market.
ACKSHULLY... Brent Crude - the global benchmark is trading lower today, around $106–110. And at today's Brent crude price (April 7, 2026) it would take.... 1.15 billion barrels of oil produced to raise the $126 billion dollars... required to pay California's high speed rail to nowhere... Thank you for listening to my TED Talk.