Brent crude hovers near $109 a barrel as Ukraine resumes energy strikes, tankers attacked in Middle East

Smoke rises above the city following an air attack on the oil terminal in Saint Petersburg on October 18, 2026, amid the ongoing Russian-Ukrainian conflict. Stringer | Afp | Getty ImagesCrude oil prices hovered near recent highs on Sunday as traders weighed a Ukraine bombing of oil facilities in Russia and more tankers coming under attack in the Persian Gulf. Brent crude futures, the international benchmark, shed $1.04 to $108.82 per barrel. U.S. West Texas intermediate lost 26 cents to $101.15 per barrel. Fires broke out at an oil terminal and depot in St. Petersburg after Ukraine launched a massive wave of drone strikes on Sunday, St. Petersburg Gov. Alexander Beglov said in a post on Telegram. The terminal in St. Petersburg exports about 120,000 barrels per day of refined products, mostly fuel oil, according to data from Kpler. It is unclear how bad the damage is at the facility.Ukraine briefly paused strikes on Russian energy facilities after President Donald Trump declared on Oct. 11 that Kyiv and Moscow had agreed to a truce. Heavy smoke billows after Ukrainian drones hit infrastructure, according to local authorities, in St Petersburg, Russia June 3, 2026. Stringer | Reuters...