# Oil Prices Rise Over 5% As Middle East Tensions Escalate - WE News English

> Brent settled at $117.64 on the Friday before November 1 after a tanker attack in the Strait of Hormuz, gaining 5.32% on the week. WTI settled at $104.12, up 0.82% on the week, and both benchmarks rose sharply in October. Uncertainty over US-Iran diplomacy kept a risk premium in prices.

- Date: 2026-11-01 · published 2026-11-01T12:07:46.637Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/8863-oil-prices-rise-over-5-as-middle-east-tensions-escalate-we-news-english
- 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 tankers in Hormuz raise freight and insurance costs and threaten Gulf crude flows, supporting diesel and energy-linked input costs for feed producers. The weekly gain reflects an ongoing geopolitical premium.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +2.0% | +6.0% |
| BRENT | 2024-10-04 | [What's next for oil, gas prices as Middle East tensions heat up? \| AP News](https://feedsoft.ai/events/12042-what-s-next-for-oil-gas-prices-as-middle-east-tensions-heat-up-ap-news.md) | +2.4% | -5.7% |
| 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 | 2026-07-22 | [Oil price rises above $95 mark as Middle East conflict escalates \| Oil \| The Guardian](https://feedsoft.ai/events/9932-oil-price-rises-above-95-mark-as-middle-east-conflict-escalates-oil-the-guardian.md) | -8.2% | +0.8% |
| BRENT | 2026-08-29 | [China's Palm, Soybean, and Rapeseed Oil Futures Rise; Crude Up Over 2% on Middle East Tensions \| Gate News](https://feedsoft.ai/events/10975-china-s-palm-soybean-and-rapeseed-oil-futures-rise-crude-up-over-2-on-middle.md) | +9.9% | +21.6% |
| WTI | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +1.4% | +4.9% |
| WTI | 2024-10-04 | [What's next for oil, gas prices as Middle East tensions heat up? \| AP News](https://feedsoft.ai/events/12042-what-s-next-for-oil-gas-prices-as-middle-east-tensions-heat-up-ap-news.md) | +2.9% | -6.3% |
| 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% |

## Sources

- wenewsenglish.com: https://wenewsenglish.com/oil-prices-rise-more-than-5-as-middle-east-tensi/

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