Oil hit $116. The pipe holding the price down is now the target 🛢️

Описание: Oil hit $116. The pipe holding the price down is now the target 🛢️

Update (October 23, 2026): the video says the Strait of Hormuz has "mostly been shut" since February, and the ticker reads "HORMUZ: SHUT". That describes February through September. Kpler tanker data for October puts crude flows through the strait at roughly 60-77% of prewar levels, with US naval escorts, even as tanker attacks rose. The rest of the video stands.
Brent crude touched $116 a barrel on October 23, 2026, its highest since April, on a fresh wave of Houthi strikes on Saudi energy sites and growing expectations that the US will resume strikes on Iran.

The machine behind it: about a fifth of the world's seaborne oil used to pass through the Strait of Hormuz. Since the US-Israel attack on Iran on February 28 the strait has been largely shut, with Gulf exports in September at under half of February's level. Saudi Arabia's answer is the East-West Crude Oil Pipeline, 1,200 km from Abqaiq near the Gulf to Yanbu on the Red Sea. It normally carries about 2 million barrels a day; since late March it has run at its full 7 million.

The detour is not free. Goldman Sachs puts the average cost of shipping a barrel of crude by sea above $20, up from about $3 a year ago, with $7 of that a war-risk premium for crossing Hormuz, $4 for ship-to-ship transfers, $4 for fuel, $3 for rerouting and $2 for restrictions on the Iranian fleet.

And the pipe has become the target. Drone strikes in September forced a precautionary shutdown of nearly two weeks, and an October 4 attack on a pumping station halted flows again. This week the Houthis claimed a strike on Aramco facilities at Yanbu, which Saudi officials had not confirmed. Aramco says it wants to expand the line to 10 million barrels a day; the Saudi energy minister says that will take two to three years.

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⚠️ Educational content only — this is not financial advice. These videos explain how the financial system works, not what to do with your money.

Figures: Brent and WTI per CNBC, October 23, 2026. Hormuz share and flows per EIA and Kpler data as reported by Bloomberg and Fortune. Pipeline capacity, attack dates and the expansion plan per Fortune, October 23, 2026. Freight cost breakdown per Goldman Sachs research note of October 20, 2026 as reported by Bloomberg and Investing.com. The Yanbu strike is a Houthi claim, not confirmed by Saudi authorities at publication.
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