Energy · ICE Futures, London · United Kingdom · October 17, 2026

Brent crude touches $110 as Hormuz attacks escalate

first reported Oct 16, 12:13 PM ET

Oil prices jumped on Friday as Iran escalated attacks on shipping in the Strait of Hormuz, with Brent touching $110 a barrel. Ukraine's vow to keep striking Russian refineries added to supply fears.

The story so far

1. Oct 17Brent crude touches $110 as Hormuz attacks escalate
2. Oct 19Brent touches near $110 before easing as Middle East supply recovers
3. Oct 20Oil prices ease on hopes of Middle East diplomacy as freight costs soar
4. Oct 21IEA chief sees little chance of oil market normalizing next year

Follow the whole story →

Sources

• CNBC ↗Oct 16, 4:02 PM ET
• OilPrice ↗Oct 16, 12:13 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

See it on the globe →All of Oct 17's stories