# Oil Prices Soar as Middle East Strikes Escalate

> Global oil prices hit 5-month high after Iran-Houthi attacks on ships and facilities.
- Title: Oil Prices Soar as Middle East Strikes Escalate | Shortify
- Summary: Global oil prices hit 5-month high after Iran-Houthi attacks on ships and facilities. Global oil prices surged to their highest level in five months…
- Keywords: brent crude, iran, houthi, oil prices, middle east, strait of hormuz, saudia arabia, saudi aramco, shaybah oil field, yannu port, news, local
- Source: ABC7 New York — https://abc7ny.com/story/global-oil-prices-hit-highest-level-5-months-amid-attacks-ships-facilities/19959869
- Published: 2026-10-20T17:48:13+00:00
- Read time: 1 min
- Topics: brent crude, iran, houthi, oil prices, middle east, strait of hormuz, saudia arabia, saudi aramco, shaybah oil field, yannu port, news, local
## Oil Prices Surge
Global oil prices climbed to their highest level in five months after Iran and its Houthi allies claimed attacks on oil infrastructure in the Middle East.
## Brent Crude Hits $111
The Brent crude futures price, a benchmark for global trading, topped $111 a barrel before retreating to $110.30 a barrel, marking a 55% rise since the Iran war began in late February.
## U.S. Oil Prices Rise
The West Texas Intermediate futures price jumped to $105.75, a 60% increase since the Iran war began in late February.
## Middle East Attacks
Iranian state-run media reported that the Islamic Revolutionary Guard Corps claimed two oil tankers hit naval mines south of the Strait of Hormuz.
## Impact on Gas Prices
The average price of a gallon of gas in the U.S. rose to $4.27, a nearly $1.30 increase since late February.
## Key takeaway

Global oil prices surged to their highest level in five months following Iran and Houthi claims of attacks on Middle Eastern oil infrastructure.