Houthi missiles set an Aramco plant near Riyadh ablaze. Brent settled at $102. Will it close above $108 a barrel by Oct 9?

Brent crude did not close above $108 a barrel by October 9, 2026. Despite a wave of attacks on commercial tankers transiting the Strait of Hormuz, Brent settled in the $100-$101 range in the days leading up to the deadline, short of the $108 threshold. DTN reported on October 8 that UK Maritime Trade Operations logged multiple tanker attacks in early October, including a strike on the product tanker Lipsi on October 4, with nearly 20 commercial vessels hit over the preceding month and strait crossings falling to a small fraction of their pre-crisis level. The Express Tribune reported Brent holding just above $100 as of October 3 as the attacks deepened supply fears. Despite the escalating disruption, Brent's gains stayed incremental rather than matching the sharper spike some traders had anticipated after the earlier Houthi strike on a Saudi Aramco facility near Riyadh, which had briefly pushed the benchmark to $102. Analysts, including Goldman Sachs, had floated scenarios of prices reaching $120 if attacks intensified further, but settlement prices stayed in the low $100s through the resolution window.

The Predict Six community correctly anticipated this, with only 33% expecting Brent to clear $108.