Brent Crude Tops $116: What Rising Iran Tensions Could Mean for Your Gas Tank
Brent crude topped $116 a barrel and WTI rose 3.8% this week as Middle East tensions rose, CNBC reported. Here is how that barrel price could reach your pump.
Geopolitics
Russia’s Diesel Exports Fall More Than 75%: What It Means for US Fuel and Freight Costs
Ukrainian drone strikes have cut Russia’s diesel exports by more than 75%, to 141,000 barrels a day, CNBC reports. Here is how tighter diesel supply could reach US freight and pump costs.
Brent Crude Rises to $112 on Reported Iran Strike Plans: What It Could Add to Your Gas Bill
Brent crude rose 3.1% to $112.20 a barrel on October 22 as the US and Israel reportedly weigh new Iran strikes, CNBC reports, a day after oil eased on reports of improving Strait of Hormuz traffic.
Brent Crude at $109.73: What Hormuz Tanker Attacks Mean for Your Gas Bill
Brent crude rose 0.86% to $109.73 a barrel on Oct. 21, 2026 amid tanker attacks near the Strait of Hormuz, per CNBC. Goldman Sachs says crude freight rates topped $20 a barrel.
Brent Crude Near $110: What Claimed Houthi Attacks and a Russia Sanctions Waiver Mean for Gas Prices
Brent crude traded near $110 a barrel on October 20, near a five-month high, as traders priced in risk from claimed Houthi attacks on Saudi sites, according to CNBC. A Russia sanctions waiver pulled oil down about 2% on Monday, per Fortune.
Brent Crude at $107: What the Russia Sanctions Waiver Could Mean for Your Gas Tank
Brent crude fell 2.38% to $107.25 a barrel on Monday as traders weighed more Russian supply after a US sanctions waiver, according to CNBC, while tanker attacks clouded the outlook. Here is what the move could mean for US fuel costs.
Hormuz Crossings Fall to 131 a Week: What the Shipping Pullback Means for Oil Supply
Weekly Strait of Hormuz crossings fell from 176 to 131 in the week ended Oct. 14, per Kpler data reported by CNBC, as attacks hit ships and crude flows sat near 70% of pre-war levels.
0.1% Rule, 20,000 Entities: What China’s Rare Earth Pledge to Europe Means for US Trade
China says it will keep approving rare earth export licenses to the EU even if the US-China trade truce lapses in January 2027. What the suspended 0.1% rule and the US blacklist covering some 20,000 entities mean for US buyers.
Trump Waives Up to 500% Russia Tariffs and Up to 100% Levies on Top Russian Oil Buyers: What It Means for Your Gas Tank
Trump waived Graham Act tariffs of up to 500% on Russian goods and up to 100% on top buyers of Russian oil, including China and India. What is known, and what it could mean for US fuel costs.
Brent Touches $110 as CNBC Ties Rise to Hormuz Attacks: What It Means for Gas
Brent crude touched $110 and closed at $109.86 on Oct. 16, 2026, and WTI settled at $101.41. CNBC ties the jump to Hormuz attacks; NBC says it raises the odds of another Fed hike this year.