CommoditiesMediumUpdated•Originally published 5 November 2026•Updated 6 November 2026•
1 min read
Brent Crude Surpasses $100 Amid Threats to Saudi Oil Infrastructure
Key Facts
1Brent crude futures settled $3.67 higher, or 3.88%, at $98.29 a barrel on Thursday.
2The price surge followed reports of tankers being targeted by drones or striking mines in the Middle East.
Brent crude prices surpassed the $100 per barrel mark on November 6, 2026. The price action followed concerns that Houthi forces could target Saudi Arabia's Yanbu oil hub, intensifying fears of disruptions to global energy supplies.
Brent crude settled at $98.29 a barrel on November 5, 2026, before climbing further in subsequent trading. The Islamic Revolutionary Guard Corps previously reported fires on two tankers and a tugboat, while Eurasia Group raised its probability of a continued regional standoff to 30%.