Oil reclaims $110 on rising Middle East shipping risks
Oil prices edged up on Wednesday amid mounting concerns over supply disruptions, as attacks on shipping routes spread beyond the Strait of Hormuz and threats to Saudi Arabia’s energy infrastructure heightened market uncertainty.
October 21, 2026 (MLN): Oil prices edged up on Wednesday amid mounting concerns over supply disruptions, as attacks on shipping routes spread beyond the Strait of Hormuz and threats to Saudi Arabia’s energy infrastructure heightened market uncertainty. Currently, Brent crude futures is up, 1.46%, at $110.38 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $...