Brent tops $110 as Hormuz attacks lift supply fears: Oct 18, 2026
Brent crude moved above $109 to $110, reaching a five-month high for the first time since September 15 and heading for a weekly gain. The move follows attacks around Hormuz, including Houthi strikes and two more tankers hit off the Saudi coast, alongside Russia-Ukraine attacks and Ukraine vows to hit Russian refineries. The $110 rally has put producer cash flow and refining costs in focus amid supply fears.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the Brent page.
Headlines (8)
Carried over from earlier days
- Oil Prices Head for Weekly Gain as Hormuz Attacks Rattle MarketsOilPrice.com
- Brent crude oil tops $109 per barrel for first time since September 15TASS
- Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineriesCNBC
- Oil’s $110 rally puts producer cash flow and refining costs in focusoilandgas360.com
- Oil hits $110 as Houthi strikes, Russia-Ukraine attacks lift supply fearsworldoil.com
- 360 Energy Pulse: What mattered this week in energyoilandgas360.com
- Brent hits 5-month high above $110 on continued tension in Middle EastFinancial Times
- Two More Tankers Hit Off Saudi Coast As Brent Tops $110ZeroHedge
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 19 | ||
| New Home Prices m/m | CNY | |
| Fixed Asset Investment ytd/y | -7.3% | CNY |
| Retail Sales y/y | 0.5% | CNY |
| NBS Press Conference | CNY | |
| GDP q/y | 4.4% | CNY |
| Unemployment Rate | 5.3% | CNY |
| Industrial Production y/y | 5.4% | CNY |
| Median CPI y/y | 2.0% | CAD |