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Oil prices

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October 2026

  1. Iran's Revolutionary Guard says it hit seven ships near Hormuz and threatens US basesIran's IRGC navy said it struck four vessels it accused of illegal oil transfers and that three more hit mines, pushing Brent crude above $110, while warning that US bases could be targeted.
  2. Oil tops $110 after Houthi strikes on Saudi Arabia's Shaybah field and Dammam airportBrent crude rose to its highest since May after a deadly drone strike near Saudi Aramco's Shaybah oilfield and an attack on Dammam's airport, on top of the Iran-war risk at Hormuz.
  3. Sensex falls for a third day as crude tops $110 and RBI minutes rule out near-term rate cutsThe Sensex lost 460 points and the rupee weakened to 94.81 per dollar as Brent crude rose above $110, a day after RBI minutes signalled the next move can only be a hike or a pause.
  4. Deadly attack on Saudi airport in Dammam as US orders staff out of Saudi ArabiaAn attack on King Fahd International Airport in Dammam killed two people and wounded eight, Saudi authorities said, after the US ordered non-emergency staff to leave Saudi Arabia over Houthi threats.
  5. Rubio skips Delhi, meets Ambani, Adani and Tata chief on a business-focused India tripUS Secretary of State Marco Rubio toured Reliance's Jamnagar refinery and met top Indian business leaders, saying the US wants Reliance to refine more Venezuelan crude and that a trade deal is close.