Oil prices rose more than 2%, with Brent climbing above $111 a barrel, as traders weighed renewed attacks on Saudi energy infrastructure and the risk of further U.S.-Iran hostilities against recovering Middle East oil supplies. Persian Gulf exports were approaching prewar levels.
WHO:Oil traders
WHAT:Oil prices rose more than 2%, with Brent climbing above $111 a barrel.
WHEN:Reported Oct 22, 2026 at 3:57 AM ET
WHERE:Middle East
WHY:Traders weighed renewed attacks on Saudi energy infrastructure and the risk of further U.S.-Iran hostilities against recovering oil supplies.
How this story developed (showing 7 of 7 earlier reports)
