The rally was triggered by unconfirmed reports of thermal anomalies near the East-West oil pipeline in Saudi Arabia's Yanbu region. While monitoring services and Irib suggested the infrastructure was targeted, analysts including Rory Johnston stressed that the reports remain unverified. Separately, Saudi Arabia loaded 13 million barrels at the Yanbu port on Thursday, the highest single-day volume in six months.
Tuesday, October 20, 2026
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Iran Military Alert Drives First US Oil Settle Over $100 Since September
Commodities4 days ago
Mobile bomb shelters were rapidly deployed across Tel Aviv on Friday to mitigate an escalating confrontation after Iran placed its military on the highest alert level for 72 hours. WTI crude futures closed at $101.41 per barrel, up $3.44 or 3.51%, marking the first close above $100 since September 21. Brent crude surged to a session high of $109.58, nearly hitting $110 and reaching its highest level since September 15 as risk premiums climbed.
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