Oil Settles at Six-Month High After Tanker Attack

October 30, 2026

News summary: Reuters reported December Brent settled at $117.64/bbl and WTI at $104.12/bbl after a tanker in Hormuz was struck by explosive devices.

Market context: The first reported successful limpet-mine attack in Hormuz during the conflict increased vessel-screening, insurance and route-security risk.