DubaiBrent hit $117.56, up about 15% in October.
Fuel-importing economies pay for a 4th straight monthly gain, with West Texas Intermediate up about 12%.
Iran’s Revolutionary Guard said a tanker hit a mine in Hormuz on Friday, after explosives struck another Thursday.
Qatar’s mediators returned to Tehran, and Trump said he expects the war to end soon, without detail.
Trump has said the US will not strike Iran before the 3 November midterm elections.
How each outlet framed it
drawn from 100+ reports worldwide
- The National
- ties the price rise to a naval mine and explosive-charged tanker in Hormuz, and to Trump's pre-midterm strike timing
- TASS
- reports the Dec 2026 contract reaching $118 for the first time since April 29, noting it trades 11 times below the January contract
Sources: The National, TASS