Brent tops $114 and WTI rises 1.66% amid Middle East tensions

FinanceInternationalXTB.comOct 23, 2026, 6:15 AM30 s readAI summary

Brent and WTI prices rose more than 1% in the session, with intraday gains of 1.1% and 1.66% respectively, amid instability in the Strait of Hormuz and Houthi attacks on energy infrastructure in Saudi Arabia. Brent broke through $114 a barrel. Donald Trump invoked the Defense Production Act to classify crude extraction and refining as essential and mobilize $1 billion in energy projects.

In 30 seconds

Brent rose 1.1% intraday and broke through $114 a barrel; WTI gained 1.66%.
The Houthis claimed four missile and drone operations against targets in Saudi Arabia, including a refinery in Yanbu.
Trump invoked the Defense Production Act to mobilize $1 billion in energy projects.

Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

petróleo
Brent
WTI
Oriente Medio
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Brent tops $114 and WTI rises 1.66% amid Middle East tensions

In 30 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day