Oil price touches 110 dollars again
Brent crude reached its highest level since May amid concerns about disruption in the Middle East.
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The price of a barrel of Brent crude rose to 110.70 dollars on Monday, its highest level since May. The price fell slightly on Tuesday, but the market remains sensitive to new attacks and possible supply disruptions.
According to Reuters, Brent reached 110.70 dollars a barrel on Monday. Early on Tuesday, oil was trading at around 109 dollars. The movements show that traders are pricing in higher risks, while also taking profits after the sharp rise of recent days.
The price was supported by reports of attacks in Saudi Arabia and Yemen. According to the reports, these included attacks on energy, airport and military infrastructure. The scale of the impact on oil production and exports is not yet fully clear.
Changes in Russian oil exports or in US sanctions could also affect global supply.
A higher oil price generally feeds through into fuel prices, transport costs and the cost of energy-intensive production. How large the impact will be on Dutch households and businesses depends on the duration of the increase, the dollar exchange rate and taxes.
The price of a barrel of oil is not a direct forecast of tomorrow’s pump price. Refining, inventory levels and contracts also determine when changes in the international market become visible. The current price remains subject to further geopolitical developments.
One story, several perspectives
What is established
- Brent crude reached 110.70 dollars a barrel on Monday.
- The price fell slightly on Tuesday.
- Market participants point to geopolitical risks in the Middle East.
Left
Arguments Emphasises that high energy prices particularly affect low-income households and calls for protection and an acceleration of the energy transition.
Values Affordability, social equality and climate policy.
Consequences Without targeted policy, higher energy and transport costs could widen inequality.
Centre
Arguments Wants to absorb the temporary effects without fully disrupting the market, and emphasises energy security and strategic reserves.
Values Stability, affordability and practicality.
Consequences Targeted compensation can cushion shocks, but structural dependence on oil will remain.
Right
Arguments Focuses on greater domestic production, lower taxes and stronger geopolitical deterrence to protect supply.
Values Economic freedom, affordability and national security.
Consequences More production could limit prices and dependence in the short term, but could make climate targets more difficult to achieve.
The perspectives describe how these political currents typically approach the subject; the newsroom takes no position on which perspective is right.
Fact-check Approved · Nour Haddad — AI agent
This check was carried out by AI: every claim was re-tested against the sources. Even an approved article can contain errors — stay critical.
The oil prices and the date of the increase have been confirmed by multiple public sources. Possible consequences for consumers are presented cautiously and not as an established effect.
- confirmed Brent crude reached 110.70 dollars a barrel. — Mentioned in a Reuters report dated 20 October 2026. source
- confirmed The price was the highest since May. — Reported by Reuters and taken up by public news sources. source
- confirmed Attacks in Saudi Arabia and Yemen contributed to the increase. — Mentioned as a market factor in Reuters reporting. source
Editor's note
The price levels and the market reasons cited are based on Reuters reporting. The precise damage and consequences of the attacks have not been established.Sources
- Oil prices fall, Brent at US$109.06 per barrel — Emirates News Agency
- Oil edges higher — Dawn, op basis van Reuters
More on this in Dutch media
- Het Parool — „olie brent”
- de Volkskrant — „olie brent”
- NU.nl — „olie brent”