Brent tops $110 as tanker attacks threaten Gulf supply: Oct 20, 2026
Brent topped $110 and held above $108 near a five-month high as tanker attacks in the Persian Gulf and threats involving Hormuz, Houthi attacks and a wider blockade raised concerns about supply recovery. Goldman Sachs described a $25 war risk premium in Brent. Prices also moved to negative territory on London's ICE at times, losing over 3% and falling over 2.7%.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the Brent page.
The day on the wire
00:0006:0012:0018:0024:00
Each tick is a headline first seen that day.
Headlines (14)
First seen on October 20
- The Commodities Feed: Sustained Middle East flows fail to dent oil pricesING Think
- Brent Tops $110 as Tanker Attacks Threaten Persian Gulf SupplyOilPrice.com
- WTI rises above $99.00 as Iran warns of wider blockadeFXStreet
- Oil hovers near five-month high as Hormuz, Houthi attacks threaten supply recoveryHellenic Shipping News
- Two Tankers On Fire Off Oman As IRGC Boasts Of Naval Mine WarfareZeroHedge
- Brent price moves to negative territory on London’s ICE losing over 3%TASS
Carried over from earlier days
- What Will Happen to the Oil Price Over the Next Few Quarters?rigzone.com
- Oil: Supply risks offset reserve releases – OCBCFXStreet
- Price of Brent oil down over 2.7% on London’s ICETASS
- Brent Flirts With $110 Before Reversing As Wright Declares Pump Prices Have "Peaked"ZeroHedge
- Wright Says Gas Prices Peaked As Brent Holds Above $108OilPrice.com
- Brent prices climb above $110 per barrel on ICETASS
- Oil Prices Hover Near Five-Month Highrigzone.com
- Goldman Sachs sees $25 war risk premium in Brent, forecasts $90 in December and $80 in 2027InvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, October 20 | ||
| 5-y Loan Prime Rate | 3.50% | CNY |
| 1-y Loan Prime Rate | 3.00% | CNY |
| Foreign Direct Investment ytd/y | CNY | |
| ADP Weekly Employment Change | USD | |
| Housing Starts | 1.30M | USD |
| Building Permits | 1.39M | USD |
| Pending Home Sales m/m | -0.6% | USD |
| API Weekly Statistical Bulletin | USD | |