# Brent Crude Hits $110 as Iran and Ukraine Threaten Oil Flows

> Brent crude reaches $110 per barrel as Iran escalates attacks near Strait of Hormuz and Ukraine threatens renewed strikes on Russian refineries.
- Title: Brent Crude Hits $110 as Iran and Ukraine Threaten Oil Flows
- Summary: Brent crude reaches $110 per barrel as Iran escalates attacks near Strait of Hormuz and Ukraine threatens renewed strikes on Russian refineries. Brent crude…
- Keywords: brent crude, strait of hormuz, iran, ukraine, russian refineries, oil flows, crypto, finance, Brent, Crude, Hits, 110
- Source: TokenPost — https://tokenpost.com/news/investing/33800
- Published: 2026-10-17T06:45:08+00:00
- Read time: 1 min
- Topics: brent crude, strait of hormuz, iran, ukraine, russian refineries, oil flows, crypto, finance
## Brent Crude Price
Brent crude touched $110 a barrel Friday for the first time since May as Iran escalated attacks near the Strait of Hormuz and Ukraine threatened renewed strikes on Russian refineries.
## Oil Market Impact
Brent futures settled at $109.86, up 3.7%. U.S. West Texas Intermediate (WTI) crude finished at $101.41, up 3.5%.
## Attack Statistics
At least nine tankers and cargo ships have come under attack near Hormuz since Sunday. Shipments through the strait averaged 9.4 million barrels per day.
## Key takeaway

Brent crude touched $110 a barrel Friday after Iran escalated attacks near the Strait of Hormuz and Ukraine threatened renewed strikes on Russian refineries.