Strait of Hormuz, Iran, Saudi Arabia and the Houthis: what it means for oil

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Short answer

Since the shipping attacks, oil is +26.2% over three months (WTI $101.91 on 2026-10-14, Brent $126.55). Oil has been driven by the U.S.-Iran conflict and Iranian attacks on shipping in the Strait of Hormuz, the route for about a fifth of the world's oil, and by strikes traded between Saudi Arabia and Yemen's Houthis, including on Saudi Aramco facilities and Red Sea shipping.

WTI crude, $/barrel (last 12 months), 2025-10-17 to 2026-10-14
$55.44$85.01$114.5810-1704-2010-14

Oil since the crisis began

MeasureLatest1 week1 month1 year52-week range3 months
WTI ($/bbl)101.91+7.3%-0.5%+71.2%55.44 – 114.58+26.2%
Brent ($/bbl)126.55+0.4%+4.4%+100.9%59.93 – 138.21+52.3%

Tankers, producers and defense stocks

Over the past month COP led this group at +10.0%, while STNG lagged at -7.3%.

No insider at these companies bought shares on the open market in the last 90 days.

StockClose5 days1 monthInsider buys 90dInsider sells 90d
FRO$52.49-6.4%+3.6%——
STNG$81.45-4.3%-7.3%—$38.8M
DHT$23.6-4.2%+3.4%—$11.8M
INSW$109.99-8.2%-0.5%—$107.7M
XOM$178.98+5.9%+9.6%——
CVX$224.99+6.1%+6.3%—$228.6M
COP$146.51+9.3%+10.0%—$3.3M
OXY$62.38+3.8%+5.2%——
LMT$552.09+8.3%+2.6%—$118K
RTX$193.92+4.3%+0.2%—$6.9M
NOC$519.86+8.1%-0.8%—$52K
GD$344.23+3.9%-2.8%—$41.8M

Data: official daily and weekly series for prices, yields and rates, refreshed every day; stock moves from daily closes; insider trades from SEC Form 4. Live pages: FRO, STNG, DHT, INSW, XOM, CVX, COP, OXY, LMT, RTX.

What would change the picture

  • Brent crude moving above its 52-week high of $138.21 or back toward the low of $59.93; it is $126.55 now.
  • Shipping news from the Strait of Hormuz and the Red Sea: Brent reacts first. The Brent-WTI gap is $24.64; a narrowing gap would mean the shipping risk premium is easing.
  • Weekly U.S. crude inventories (Wednesdays): bigger-than-usual draws point to tighter supply.
  • The next Fed decision on 2026-10-28. Market odds: 85% hold, 1% cut, 14% hike.

These are the numbers and events to watch, not a forecast.

Brent crude today vs past years

WhenLevel thenChange to today
1 year ago (2025-10)$63.00+100.9%
3 years ago (2023-10)$94.33+34.2%
5 years ago (2021-10)$83.86+50.9%
10 years ago (2016-10)$48.87+159.0%
20 years ago (2006-10)$58.97+114.6%

Today's $126.55 is higher than 99% of all readings since 2001.

Brent crude: the last 10 years

YearAverageHighLow
2026$94.85$138.21$61.08
2025$69.14$83.48$59.93
2024$80.52$93.12$70.31
2023$82.49$97.10$71.03
2022$100.93$133.18$76.02
2021$70.86$85.76$50.37
2020$41.96$70.25$9.12
2019$64.30$74.94$53.23
2018$71.33$86.07$50.57
2017$54.12$66.80$43.98

The highest reading since 2001 was $143.95 on 2008-07-03. The current year is partial.

Questions people also ask

What was the highest Brent crude in the past year?

Brent crude ranged from $59.93 to $138.21 over the past 12 months. The latest reading is $126.55 (2026-10-14).

How much has Brent crude changed in a year?

Brent crude is +100.9% from a year ago, +52.3% over three months and +4.4% over the past month.

How much oil goes through the Strait of Hormuz?

About a fifth of the world's oil passes through it, mostly from Saudi Arabia, Iraq, the UAE, Kuwait and Iran. There are few alternative routes, so any threat there shows up quickly in Brent. Brent is $126.55 today (+52.3% in three months).

Which related stocks did best this month?

Of the 12 companies tracked on this page, COP did best over a month (+10.0%) and STNG worst (-7.3%). No insider at these companies bought shares on the open market in the last 90 days.

Dates to watch

DateEventWhy it matters
Mon Oct 19, 2026Weekly retail gasoline and diesel pricesThe national averages used on this page.
Tue Oct 20, 2026RTX earningsCompanies on this page report results.
Wed Oct 21, 2026Weekly U.S. crude oil inventoriesSupply and demand check; moves oil prices the same day.
Thu Oct 22, 2026LMT earningsCompanies on this page report results.
Fri Oct 23, 2026XOM earningsCompanies on this page report results.
Wed Oct 28, 2026Federal Reserve rate decisionMarket odds: 85% hold, 1% cut, 14% hike.
Wed Dec 9, 2026Federal Reserve rate decisionMarket odds: 21% hold, 2% cut, 77% hike.

Key terms on this page

Open-market trade
A purchase or sale on the exchange at the market price, paid with the insider's own money (code P or S on Form 4), as opposed to option exercises, grants or gifts.
52-week high / low
The highest and lowest daily closing price over the past year (about 252 trading days).
WTI
West Texas Intermediate, the U.S. benchmark crude oil, priced at Cushing, Oklahoma.
Brent
The international benchmark crude from the North Sea. It reflects seaborne oil, so it reacts more to shipping risk in the Strait of Hormuz and the Red Sea.
Federal funds rate
The overnight rate banks charge each other, which the Fed sets as a target range at its eight yearly meetings.

Where these numbers come from

  • Brent crude (daily spot, $/barrel): official public data series, latest reading 2026-10-14.
  • WTI crude (daily spot, $/barrel): official public data series, latest reading 2026-10-14.
  • Changes compare the latest reading with the closest reading 7, 30, 91 and 365 days earlier; the 52-week range uses every reading in the past year.
  • Related stocks: daily closing prices and open-market insider trades from SEC Form 4 (last 90 days).

Every number on this page is computed from the data when the page is refreshed (usually daily); nothing is typed in by hand. This is information, not investment advice.

In the news

Short summaries of recent market headlines about these companies, their leaders and partners; not verified by CapitalSnitch.

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How this article was made: it was generated from SEC filings and market data with automated tools and is published under Brooke Harlan's editorial responsibility. Spotted an error? Tell us and we will correct it.

Sources: SEC EDGAR (Form 4, 8-K/6-K, prospectuses, XBRL share counts) and daily closing prices. Insider sales are often routine (taxes, diversification, pre-planned 10b5-1 plans). Not investment advice.

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