Brent crude climbed above $114 as traders weighed the risk of renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure against recovering Middle East oil supplies. MarketWatch said soaring tanker rates were adding to energy-supply concerns, while Wall Street may be pricing in a wider regional conflict and financial-market turmoil.
WHO:Oil traders
WHAT:Oil traders pushed Brent above $114 while weighing persistent Middle East risks.
WHEN:Reported Oct 22, 2026 at 4:46 PM ET
WHERE:Middle East
WHY:Traders weighed the risk of renewed U.S.-Iran hostilities and attacks on Saudi energy infrastructure, alongside recovering regional oil supplies.
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