# Brent Crude Nears $105 as Middle East Conflict Threatens Oil Supply

- URL: https://stocks.freetheai.org/news/brent-crude-nears-105-as-middle-east-conflict-threatens-oil-supply-fca497
- Published: 2026-10-11T23:25:18Z
- Category: energy; sentiment: bullish; impact: high
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Brent crude futures pushed toward $105 per barrel on Monday, marking three straight sessions of price increases. The rise follows repeated attacks by Iran-backed Houthi militants targeting King Khalid International Airport in Riyadh, Saudi Arabia, including a weekend strike that left 12 people dead and over 300 injured. In addition, a drone hit an oil tanker near Oman's Sohar anchorage close to the Strait of Hormuz.

The attacks have amplified concerns over stability in the region and potential disruptions to global energy exports. Tensions further mounted as President Trump indicated the U.S. is evaluating military retaliation alongside Saudi Arabia against Houthi forces in Yemen. Meanwhile, separate geopolitical developments saw Russia and Ukraine agree to an immediate energy ceasefire.

Investors will monitor whether military responses materialize or if tensions ease in key shipping lanes. Domestically, the U.S. Department of Energy approved an emergency exchange of up to 4 million barrels from the Strategic Petroleum Reserve to cushion disruptions caused by Hurricane Isaias.

## Key points

- Brent crude prices rose toward $105 per barrel, logging gains for a third straight session.
- Houthi strikes on Riyadh's airport caused 12 deaths and over 300 injuries over the weekend.
- A drone hit an oil tanker near Oman's Sohar anchorage outside the Strait of Hormuz.
- President Trump said the U.S. may join Saudi Arabia in retaliatory actions in Yemen.
- The U.S. Department of Energy approved an emergency release of up to 4 million crude barrels.

## Questions and answers

### Why are Brent crude oil prices rising?

Brent crude rose toward $105 per barrel due to deadly Houthi attacks on Riyadh's airport and a drone strike on a tanker near Oman, raising fears of supply disruptions in the Middle East.

### How is the U.S. responding to energy supply concerns?

President Trump is considering joint retaliatory action with Saudi Arabia in Yemen. Separately, the Department of Energy approved an emergency exchange of up to 4 million barrels of strategic crude reserves due to Hurricane Isaias.

### What happened at Riyadh's airport?

Iran-backed Houthi militants targeted King Khalid International Airport in Riyadh, with strikes killing 12 people and injuring more than 300.