Brent Rises on Geopolitical Risks and Chinese Demand. Forecast as of 12.10.2026

Fears of an escalation in the Middle East, combined with record-high tanker shipping costs through the Strait of Hormuz, are keeping Brent crude prices elevated. China is also shaping the oil market outlook. Let's examine the factors driving oil prices and develop a trading strategy for Brent.Major Takeaways Oil shipments from the Middle East are resuming. Escalating geopolitical tensions are pushing Brent prices higher. Rising exports of petroleum products are helping contain prices. Brent is c