Isophoric News · Tuesday, November 3, 2026
Brent was at $112.60 a barrel Monday morning, Fortune reported; the U.S. struck Iran's Qeshm Island near the Strait of Hormuz the same day
Brent crude sold for $112.60 a barrel as of 6:30 a.m. ET on Monday, Nov. 2, Fortune reported, $3.26 lower than the morning before and about $47 higher than a year earlier. The U.S. military carried out strikes on Iran's Qeshm Island on Monday, a U.S. official told MS Now, CNBC reported. Qeshm, the largest island in the Persian Gulf, lies near the Strait of Hormuz, CNBC reported.
%2C_Crude_Oil_Tanker_pic2.jpg){kind=link}