# Oil hits six-month highs as Hormuz attacks threaten Iran peace efforts By Investing.com

> Brent crude settled at $117.64 a barrel on Friday, up 2.4%, after touching $118, while WTI rose 2.1% to $104.12. Brent gained 13.6% in October and WTI climbed 15.2% amid attacks on Hormuz shipping and the US-Israel war with Iran.

- Date: 2026-10-31 · published 2026-10-31T10:05:52.355Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/2967-oil-hits-six-month-highs-as-hormuz-attacks-threaten-iran-peace-efforts-by
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Attacks on Hormuz shipping threaten crude supply, lifting energy costs that feed into biofuel demand, freight and fertilizer prices across feed markets.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-23 | [Oil hits nearly 6-month highs as US aims to slash Iran's crude exports](https://feedsoft.ai/events/9608-oil-hits-nearly-6-month-highs-as-us-aims-to-slash-iran-s-crude-exports.md) | -1.0% | +0.3% |
| BRENT | 2026-04-02 | [WTI Crude Oil Jumps 51% in a Month on Iran War Supply Shock \| Investing.com](https://feedsoft.ai/events/12731-wti-crude-oil-jumps-51-in-a-month-on-iran-war-supply-shock-investing-com.md) | -2.8% | +8.2% |
| BRENT | 2026-01-14 | [WTI Nears Three-Month High As Iranian Protests Stoke Global Oil Market Concerns](https://feedsoft.ai/events/11395-wti-nears-three-month-high-as-iranian-protests-stoke-global-oil-market-concerns.md) | -0.3% | +5.1% |
| BRENT | 2026-10-29 | [Oil dips as traders weigh Iran diplomacy against renewed strike risks By Investing.com](https://feedsoft.ai/events/257-oil-dips-as-traders-weigh-iran-diplomacy-against-renewed-strike-risks-by.md) | -5.4% | — |
| BRENT | 2019-04-21 | [Oil Leaps to 6-Month High as U.S. Vows to Strangle Iran Exports - Bloomberg](https://feedsoft.ai/events/9607-oil-leaps-to-6-month-high-as-u-s-vows-to-strangle-iran-exports-bloomberg.md) | +0.4% | +2.4% |
| WTI | 2019-04-23 | [Oil hits nearly 6-month highs as US aims to slash Iran's crude exports](https://feedsoft.ai/events/9608-oil-hits-nearly-6-month-highs-as-us-aims-to-slash-iran-s-crude-exports.md) | -3.4% | -3.9% |
| WTI | 2026-04-02 | [WTI Crude Oil Jumps 51% in a Month on Iran War Supply Shock \| Investing.com](https://feedsoft.ai/events/12731-wti-crude-oil-jumps-51-in-a-month-on-iran-war-supply-shock-investing-com.md) | -2.2% | +6.1% |
| WTI | 2026-01-14 | [WTI Nears Three-Month High As Iranian Protests Stoke Global Oil Market Concerns](https://feedsoft.ai/events/11395-wti-nears-three-month-high-as-iranian-protests-stoke-global-oil-market-concerns.md) | -0.8% | +6.2% |

## Sources

- investing.com: https://www.investing.com/news/economy-news/oil-hits-sixmonth-highs-as-hormuz-attacks-threaten-iran-peace-efforts-4989133

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.