India, Oct. 21 -- Global oil markets are facing renewed uncertainty as attacks on commercial vessels and threats to Saudi Arabia's energy infrastructure raise concerns about the security of Middle Eastern crude supplies. On Wednesday, October 21, 2026, Brent crude climbed above $110 per barrel, while US West Texas Intermediate (WTI) approached $99 as traders assessed the risk of further disruptions amid the ongoing US-Iran conflict.

The price rise followed a brief retreat in the previous session, showing how quickly geopolitical developments can change market sentiment.

Although Gulf oil exports have recovered to pre-war levels through alternative routes and offshore transfers, continued attacks around the Strait of Hormuz and the Red S...