Oil Reaches Six-Month High as Shipping Risk Escalates

October 23, 2026

News summary: Reuters reported Brent settled at $116.72/bbl and WTI at $103.27/bbl after attacks in Saudi Arabia, an oil spill off the UAE and rising maritime-security incidents.

Market context: October became the worst month for attacks on commercial shipping around Hormuz since the tracking series began, making route and vessel verification essential.