{
  "id": 15162485,
  "title": "Brent Crude Hits $110 A Barrel For First Time Since May",
  "url": "https://urgent.news/2026/10/17/brent-crude-hits-110-a-barrel-for-first-time-since-may",
  "topic": "world",
  "section": "World",
  "published": "2026-10-17T08:34:48.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/brent-crude-hits-110-a-barrel-for-first-time-since-may"
  },
  "original_language": "en",
  "account": "Brent crude oil prices soared to $110 per barrel for the first time since May, propelled by worries over supply interruptions and escalating geopolitical tensions. The international benchmark rose 3.7% during trading hours as investors anticipated higher prices. Ongoing conflicts in the Middle East and assaults on energy infrastructure linked to Russia and Ukraine have sparked doubts about immediate relief in supply. Crude prices have surged over 70% this year due to persistent disruptions in major oil-producing and exporting regions. Crude Oil Futures have dropped ₹144 to ₹8,972, with Brent and WTI extending global weakness. Geopolitical uncertainty has driven oil prices higher, with Iran-backed Houthi rebels continuing missile and drone strikes against Saudi Arabia, exacerbating concerns over regional energy supplies. Russia and Ukraine have escalated their attacks on each other's energy infrastructure, further complicating efforts to alleviate global fuel shortages. US lawmakers introduced legislation on Friday aimed at blocking President Donald Trump's proposed deal with Russia to release several hundred million barrels of diesel, with opponents arguing that restored Russian fuel could bolster Moscow's finances. Trump maintained that Russia would proceed with the release, despite US military planning for potential strikes against Iran, including the use of the GBU-43/B Massive Ordnance Air Blast bomb, commonly known as the Mother of All Bombs. Analysts have raised their estimate of the likelihood of conflict escalation to 65%, up from a previous 35%, warning that the ongoing confrontation could become increasingly challenging to maintain. As geopolitical risks rise and fuel markets face pressure, traders remain vigilant for potential supply interruptions and further volatility in oil prices.",
  "summary": "Global oil prices surged as Brent crude reached $110 a barrel for the first time since May, driven by mounting concerns over supply disruptions and escalating geopolitical tensions. The international benchmark gained 3.7% during the trading session as investors increased their bets on higher prices ahead of the weekend. Continued hostilities in the Middle East and attacks on energy infrastructure…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}