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Brent Settles Friday at $116.67 on Fears of Renewed War, Just Under Its $118.58 March Peak

Sahmino Newsroom | 24 October 2026 | 8 days ago

Brent Crudeup0.9%113.43USD31 October

Brent crude settled at $116.67 a barrel on Friday, 23 October 2026 (1 Aban 1405), after closing at $112.78 on Thursday, 22 October 2026 (30 Mehr 1405). Sahmino's records show the price reached $117.37 during Friday's session. Al Jazeera wrote on Saturday, 24 October 2026 (2 Aban 1405), that Brent had hit $117.30 as the market fears a possible resumption of the US-Israeli war on Iran.

Archival image related to transport in the Strait of Hormuz.

Archive photo of transport at the Strait of Hormuz from 18 June 2026, not the oil trading session of 23 October 2026.

Archive photo | Source: AFP, via Al Jazeera

The $116.67 settlement is the highest close in Sahmino's one-year series (which starts on 25 October 2025), but it remains below the intraday peak of $118.58 on 19 March 2026 (28 Esfand 1404). At 06:52 Tehran time on Saturday, Brent was trading near $116.72.

Reference:Al JazeeraThe original reportAn archived copy of the report

Sahmino context

What the prices have done since this story was published, and what Sahmino wrote around it

Since this story was published, Brent Crude fell 3.7 percent, to 112 dollars.

Over the same days, Gold ounce fell 2.9 percent, to 3,879 dollars.

Brent Crude
−3.7%
Gold ounce
−2.9%

Prices to the close of 30 October

From Sahmino that week

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