Oil Advances on Threats to Supply From Russia to Middle East

Bloomberg Markets Monday 12 October 2026, 17:00 UTC 1 min read

Key Points

Oct 12th, 2026 Oil Advances on Threats to Supply From Russia to Middle East Oil rose as Ukraine cast doubt on an “energy ceasefire” touted by US President Donald Trump. Saudi Arabia suffered its deadliest strikes since the Iran war began, with new drone and cruise missile assaults posing fresh security threats to the kingdom. Michelle Brouhard, Head of Policy and Geopolitical Risk at Kpler, joins Bloomberg Intelligence to discuss.

Russia (LOCATION) Middle East (LOCATION) 2026 Oil Advances on Threats to Supply (EVENT) Middle East Oil (LOCATION) Ukraine (LOCATION) US (LOCATION) Donald Trump (PERSON) Saudi Arabia (LOCATION) the Iran war (EVENT) Michelle Brouhard (PERSON) Kpler (PERSON) Bloomberg Intelligence (ORG)

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Oil Advances on Threats to Supply From Russia to Middle East

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