Brent crosses $86 level again

Oil prices surged sharply today, with Brent crude surpassing $86 a barrel for the first time since early August 2026, reaching the highest level in four days. This comes amid increasing concerns over oil supplies due to geopolitical tensions in the Middle East, particularly between the United States and Iran and disputes over transit through the Strait of Hormuz. Additionally, recent attacks on oil facilities in Saudi Arabia, following the escalation of Houthi movements in Yemen, have contributed to the market's reaction. This rise reflects the market's response to the risks surrounding global oil supply security.

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