https://www.live-feeds.com/feed/oil-prices-rise-as-middle-east-ukraine-russia-conflict-fuel-supply-worriesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-rise-as-middle-east-ukraine-russia-conflict-fuel-supply-worrieshttps://www.live-feeds.com/feed/oil-prices-rise-as-middle-east-ukraine-russia-conflict-fuel-supply-worries#u178641Thu, 05 Nov 2026 20:41:43 +0000Brent crude prices jumped about 6% to over US$77 a barrel, peaking at US$82, the highest level since January 2025. Markets are reacting to a combination of US and Israeli assaults on Iran, Houthi claims of refinery attacks, and Ukrainian drone strikes on Russian oil facilities. These dual supply shocks have disrupted tanker traffic through the Strait of Hormuz and restricted global fuel supplies, creating an immediate inflationary jolt for oil-importing economies. While some tankers continue to flow, the instability has pushed prices to 6-month highs.Why it mattersThe global energy market is f