Brent Crude Oil Price: $114 as Iran Claims Seven Tankers…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude rose to $114 a barrel amid claims by Iran that seven tankers were hit or mined near the Strait of Hormuz. Market gains expanded as Saudi Aramco ordered an evacuation of its Dhahran headquarters.
Why it matters
ING stated that markets are increasingly worried about "renewed escalation in the Persian Gulf" and that the bank's $80 average for fourth-quarter Brent now looks "unattainable".
Key facts
- Brent crude traded at $114.00 a barrel and WTI reached $100.40 on 23 October.
- Iran's Revolutionary Guard claimed seven vessels were damaged or struck by mines in and around the Strait of Hormuz.
- Saudi Aramco instructed employees to evacuate its Dhahran headquarters and work remotely.
Source excerpt · FinanceFeeds
Updated 23 October 2026. Brent crude traded at $114.00 a barrel at 05:33 GMT on Friday, up about 1.2 percent and on track for a weekly gain of roughly $6, after Iran's Revolutionary Guard said seven vessels were hit or mined in and around the Strait of Hormuz and Saudi Aramco told staff to leave its Dhahran headquarters (Oilprice.com, CBS News). WTI was $100.40 , up 1.4 percent, near a five-week h…