# Crude oil prices jump 14% in October as Iran tensions raise supply fears; Brent hits six-month high

> Brent rose 13.6% in October to settle at $117.64, its six-month high, while WTI gained 15.2%. Attacks on Saudi energy infrastructure, a projectile striking a tanker in the Strait of Hormuz, and possible renewed US strikes on Iran raised supply concerns.

- Date: 2026-10-31 · published 2026-11-01T06:08:45.809Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/4131-crude-oil-prices-jump-14-in-october-as-iran-tensions-raise-supply-fears-brent
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Monthly gains of this size reflect a large geopolitical risk premium tied to Gulf shipping and infrastructure threats. Energy costs for feed producers are likely to stay high while those risks persist.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-06-11 | [Oil prices jumps 4% to 2-month high as tensions rise in Middle East \| Reuters](https://feedsoft.ai/events/11156-oil-prices-jumps-4-to-2-month-high-as-tensions-rise-in-middle-east-reuters.md) | +15.2% | +5.8% |
| WTI | 2026-08-31 | [Oil prices jump 4% as fresh US-Iran fighting stokes supply fears](https://feedsoft.ai/events/18067-oil-prices-jump-4-as-fresh-us-iran-fighting-stokes-supply-fears.md) | +9.6% | +4.0% |
| WTI | 2018-09-29 | [Brent hits 4-year high as U.S. sanctions on Iran tighten supply](https://feedsoft.ai/events/63234-brent-hits-4-year-high-as-u-s-sanctions-on-iran-tighten-supply.md) | +1.5% | -7.7% |
| WTI | 2026-01-27 | [Crude Prices Jump to a 3-Month High on Dollar Weakness and Iran Risks](https://feedsoft.ai/events/21231-crude-prices-jump-to-a-3-month-high-on-dollar-weakness-and-iran-risks.md) | +2.1% | +8.4% |
| WTI | 2026-07-24 | [Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply - Markets - Business Recorder](https://feedsoft.ai/events/11578-physical-oil-prices-jump-with-some-nearing-110-as-iran-ukraine-wars-hit-supply.md) | -7.1% | -8.3% |
| BRENT | 2025-06-11 | [Oil prices jumps 4% to 2-month high as tensions rise in Middle East \| Reuters](https://feedsoft.ai/events/11156-oil-prices-jumps-4-to-2-month-high-as-tensions-rise-in-middle-east-reuters.md) | +14.7% | +5.4% |
| BRENT | 2026-08-31 | [Oil prices jump 4% as fresh US-Iran fighting stokes supply fears](https://feedsoft.ai/events/18067-oil-prices-jump-4-as-fresh-us-iran-fighting-stokes-supply-fears.md) | +10.8% | +22.9% |
| BRENT | 2018-09-29 | [Brent hits 4-year high as U.S. sanctions on Iran tighten supply](https://feedsoft.ai/events/63234-brent-hits-4-year-high-as-u-s-sanctions-on-iran-tighten-supply.md) | +2.3% | -6.3% |

## Sources

- kotakneo.com: https://www.kotakneo.com/news/commodities/oil-prices-hit-six-month-high/

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