Oil Markets Brace for a New Iran Escalation After U.S. Midterms

OilPrice.com · Tom Kool · 2026-10-27 16:37 UTC

Brent holds near $115 as Iran war tensions and escalating Saudi-Houthi hostilities keep oil markets on edge ahead of U.S. midterms.

Brent holds near $115 as Iran war tensions and escalating Saudi-Houthi hostilities keep oil markets on edge ahead of U.S. midterms.

Hormuz Becomes Even More Dangerous — and More Expensive

- October has seen the most acute escalation in maritime attacks since the US-Iran war started eight months ago, with already more than 30 incidents recorded in the Strait of Hormuz and surrounding waterways, up from 14 in September.

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