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Geopolitical Tensions Keep Rising. Oil Is Now Hovering Around $110 a Barrel.

Brent and U.S. crude climbed after at least 9 tankers and cargo ships were attacked near Hormuz and Ukrainian strikes threatened Russian refinery output.

Summary by IBTimes
Iran continues to escalate attacks against tankers in the Strait of Hormuz, while Russia and Ukraine are targeting energy infrastructure.

5 Articles

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Iran is firing on ships passing through the Strait of Hormuz, and Ukraine has threatened strikes on Russian refineries.

·Hungary
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The Brent rises by 3,85% to 109.72 dollars and the WTI exceeds 101 dollars due to the tension in Ormuz. The Spanish supplier will notice it with lag. La entrada The price of Brent oil rubs 110 dollars: the WTI exceeds 101 and threatens gasoline in Spain aparece primero en Merca2.

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IBTimes broke the news in New York, United States on Friday, October 16, 2026.
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