Brent Rises

Brent crude rose above $105 in the first hours of trading today. The closure of Riyadh airport and tensions in the Strait of Hormuz pushed oil prices higher.

The price of Brent oil exceeded 105 dollars in the first trading hours of today. The closure of Riyadh airport and the tension in the Strait of Hormuz made oil more expensive.

According to ambassador Arjan; The global oil market started the new trading week while the Brent crude oil price crossed the $105 per barrel mark in the first hours of trading today (Monday, October 12, 2026).

Brent crude oil rose 76 cents, or 0.73 percent, to $105.48 a barrel at 6:04 a.m. Vietnam time, according to trading data. US West Texas Intermediate crude oil rose by 59 cents, equivalent to 0.64%, to $92.44 per barrel.

This increase comes as the last trades last week (Friday, October 9) ended at $104.72 for Brent and $91.85 for WTI. The market was closed on Saturday and Sunday and today is the first trading day of the week.

Several factors have strengthened this increase. The intensification of Yemeni attacks on Saudi Arabia's critical infrastructure, including the Riyadh International Airport, which led to its closure and massive flight cancellations, has greatly increased concerns about the security of energy supplies from the region.

At the same time, attacks on two oil tankers near Oman and the Strait of Hormuz over the weekend have highlighted the risk of disruption to the vital oil transport route. Experts have warned that the continuation of these attacks could stop the process of reviving Middle East oil exports, which started in September.

In addition to regional tensions, Hurricane Isaiah in the Gulf of Mexico has also put pressure on oil supply. According to reports, about 1.3 million barrels per day of oil production in this region has been disrupted due to the closure of offshore platforms.

However, the news about the energy cease-fire agreement between Russia and Ukraine and the possibility of increasing the supply of Russian diesel to the world markets have partially reduced the intensity of price growth.

With these conditions, the price of Brent oil is still fluctuating above $104 per barrel, and market participants are carefully following the security developments in the region and its effect on the flow of oil supply.