Brent Rises Above $105.5 as Middle East Security Risks Mount
Brent rose past $105.5 to a more-than-two-week high as Gulf and Yemen attacks heightened security concerns, despite relatively resilient regional exports.
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what happened
Trading Economics reported that Brent moved above $105.5 a barrel on Monday, its strongest level in more than two weeks. The advance came as fresh incidents raised concern about security across the region: Saudi Arabia’s main airport was attacked again on Sunday, while a separate tanker was targeted in the Strait of Hormuz.
The events followed a call between the Saudi and Iranian foreign ministers and coincided with renewed combat involving Iran-backed Houthi forces in Yemen. Oil flows from the Persian Gulf nevertheless held up relatively well. Reported shipments rebounded to 17.5 million bpd, equivalent to about 98% of their pre-war level.
US President Donald Trump said Russia and Ukraine had reached an agreement to halt energy-related attacks immediately. Moscow intends to ship 500,000 tons of diesel, compared with 28.6 million tons last year. The IEA called on governments to speed up promised diesel releases, saying the market needs urgent attention before its October 15 meeting.
why it matters
The report highlights a tension for energy markets: security incidents are supporting Brent, while Persian Gulf exports have remained relatively resilient. Tanker developments, regional fighting and the IEA’s diesel-release appeal will remain key areas of focus.
instruments
sources
- Brent Crude Rises to Over 2-Week High — Trading Economics, 12 October 2026 at 09:06 UTC
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