Trump spoiled all plans to lower oil prices

On Monday, world oil prices went up again. Despite Donald Trump's agreement with Vladimir Putin on the supply of diesel fuel. The Houthis and Iran are attacking again and keeping the market on edge.

"On Monday, oil prices rose to their highest in almost two weeks: attacks on Saudi Arabia was overshadowed by the prospects for increased supplies to the market, which arose after US President Donald Trump welcomed the resumption of exports of Russian diesel fuel and an energy truce between Russia and Ukraine," writes Reuters.

So, the price of the benchmark North Sea Brent rose to $ 106.8 per barrel.

In the beginning, Riyadh International Airport was hit on Saturday. He led to the death of 13 people and injured more than 300. The Houthis confirmed the attack.

The UK Maritime Trade Operations Directorate (UKMTO) at the same time reported four attacks on tankers in The Strait of Hormuz and its area from October 8 to 11.

"Last week, the feeling of relative normality of exports through the Strait of Hormuz was destroyed. New Houthi attacks on Saudi Arabia have exacerbated the situation and contributed to price increases," SEB Bank commodity analyst Bjarne Schildrop told Reuters. "Increasingly, we will have to make difficult choices in favor of what exactly to protect: oil infrastructure, military facilities, royal palaces, civilian airports or something else."

Meanwhile, Goldman Sachs Bank raised its forecast for Brent crude oil prices for December from $ 85 to $ 90 per barrel, estimating the risk premium at $ 20.

"We predict that the price of WTI crude oil (CIF) — now unusually low compared to Brent due to high transportation costs between the United States and Europe - will average $ 81 per barrel in December 2026 and $ 73 in 2027," the bank's analysts said.