# Oil jumps to $117.64 | The Daily Star

> Brent December futures settled at $117.64 after touching $118, and WTI settled at $104.12, both rising more than 2% on Friday. A tanker in the Strait of Hormuz was struck by limpet mines, the first successful strike of this type since the Iran war began in February, and the US ordered non-emergency staff to leave Saudi Arabia.

- Date: 2026-11-01 · published 2026-11-01T06:08:45.729Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/4128-oil-jumps-to-117-64-the-daily-star
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Attacks on Strait of Hormuz shipping threaten the key outlet for Gulf crude and fuel, raising the risk of supply loss. Diesel and crude prices are likely to stay elevated while escalation risk persists.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-07-23 | [Oil Jumps 7% To $100 As Houthis Target Saudi Tankers](https://feedsoft.ai/events/9931-oil-jumps-7-to-100-as-houthis-target-saudi-tankers.md) | -2.1% | -0.7% |
| WTI | 2026-03-11 | [Crude oil surge likely to support palm prices \| The Star](https://feedsoft.ai/events/15488-crude-oil-surge-likely-to-support-palm-prices-the-star.md) | +14.9% | +14.3% |
| WTI | 2017-06-05 | [Oil markets jump more than 1% on Qatar-GCC row](https://feedsoft.ai/events/70674-oil-markets-jump-more-than-1-on-qatar-gcc-row.md) | -3.9% | -3.5% |
| WTI | 2018-05-09 | [Oil jumps to highest since 2014 after US quits Iran deal](https://feedsoft.ai/events/65180-oil-jumps-to-highest-since-2014-after-us-quits-iran-deal.md) | +3.5% | -6.0% |
| WTI | 2026-04-02 | [Oil price jumps and markets slide after Trump warning to Iran \| Oil \| The Guardian](https://feedsoft.ai/events/12923-oil-price-jumps-and-markets-slide-after-trump-warning-to-iran-oil-the-guardian.md) | -2.2% | +6.1% |
| BRENT | 2026-07-23 | [Oil Jumps 7% To $100 As Houthis Target Saudi Tankers](https://feedsoft.ai/events/9931-oil-jumps-7-to-100-as-houthis-target-saudi-tankers.md) | -2.9% | -2.2% |
| BRENT | 2026-03-11 | [Crude oil surge likely to support palm prices \| The Star](https://feedsoft.ai/events/15488-crude-oil-surge-likely-to-support-palm-prices-the-star.md) | +19.2% | +21.1% |
| BRENT | 2017-06-05 | [Oil markets jump more than 1% on Qatar-GCC row](https://feedsoft.ai/events/70674-oil-markets-jump-more-than-1-on-qatar-gcc-row.md) | -3.7% | -3.5% |

## Sources

- thedailystar.net: https://www.thedailystar.net/business/global-economy/news/oil-jumps-11764-4312211

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