📰 ET Markets 🟢 BULLISH 🕒 17 Oct 2026, 11:48 AM IST

Brent crude oil prices hit $110 for first time since May as Iran attacks continue, Ukraine eyes Russia energy infra

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Core Development: Brent crude oil prices hit $110 for first time since May as Iran attacks continue, Ukraine eyes Russia energy infra

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Market & Financial Impact: Brent crude surpassed $110 per barrel as escalating attacks around the Strait of Hormuz and renewed Russia-Ukraine hostilities heightened global supply concerns. WTI also surged, recording weekly gains above 10%. Goldman Sachs warned prices could reach $120 if shipping disruptions worsen, while easing tensions could bring crude towards $80.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

Attacks in the Strait of Hormuz have added to concerns about oil shipments.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Brent crude oil prices hit $110 for first time since May as Iran attacks continue, Ukraine eyes Russia energy infra

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