Brent Oil Hits $110 as Hormuz Attacks Deepen Supply Fears
Oil reversed an earlier retreat as attacks around the Strait of Hormuz and threats to Russian refineries intensified supply concerns, outweighing potential relief from US sanctions changes.
Read the full story → · Latest coverage 18 Oct 2026, 7:00 am UTC
Key moments · 6
Oil retreats as potential shadow fleet sanctions relief emerges
Business Line - Home ↗Emergency reserve release competes with growing regional supply risks
Bloomberg ↗Brent touches $110 as Iran escalates Hormuz attacks
CNBC ↗Diesel and gasoline futures climb alongside crude oil
Business Line - Home ↗WTI records weekly gains exceeding 10 percent amid tensions
Economic Times Business & Economy ↗Goldman forecasts lower Brent prices as regional supply recovers
Business Line - Home ↗









