Live Update 
From the Liveblog of
Tuesday, October 20, 2026
From the Liveblog of
Tuesday, October 20, 2026
US oil price soars over 5% on Mideast conflict
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Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea, June 16, 2026. (AP)
The main US oil contract soars more than five percent in trading on increased concerns over tight supplies as a result of the Middle East conflict.
West Texas Intermediate surges 5.7 percent to $109.60 per barrel.
The main international benchmark, Brent North Sea crude, jumps 2.0 percent to $111.69 per barrel.
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