Brent nears $120 as Iran tensions disrupt Hormuz and war talk grows: Oct 25, 2026
Brent is near $120 as headlines focus on the US-Israeli war on Iran and havoc in Europe. Iran said it won't allow US warships to get close as Trump ponders new attacks, while its foreign minister said Hormuz management will never return to the pre-war era. Iran also said it has never left the negotiating table and accused the US of imposing unilateral demands.
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The reading that day
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The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
Headlines (23)
First seen on October 25
- Qatar official calls for peace and security to boost trade, investmentAl Jazeera
- Hormuz management to never return to pre-war era: Araghchien.mehrnews.com
- How is the US-Israeli war on Iran causing havoc in Europe?Al Jazeera
- Iran says it has never left negotiating table, accuses US of imposing unilateral demandsaa.com.tr
Carried over from earlier days
- Price of Brent oil up above $114 per barrel on ICE first since MayTASS
- Brent Hits $114 as Houthi Attacks Threaten Saudi Energy InfrastructureOilPrice.com
- Oil prices exceed $114 a barrel amid escalated war on Iranen.mehrnews.com
- Oil Hits $114 Intradayrigzone.com
- The Commodities Feed: Brent builds geopolitical premium as Gulf risks riseHellenic Shipping News
- Why the market senses a weekend Iran escalation and what happens nextInvestingLive
- Brent climbs above $115 as shipping risks threaten crude flowsoilandgas360.com
- Global Oil Price Hits $117 a Barrel, Highest Since AprilThe New York Times
- $120 Oil Is Almost Here, and Trump Has Few Good OptionsOilPrice.com
- Iran’s Revolutionary Guards say 2 supertankers hit naval mines in Strait of Hormuzaa.com.tr
- Brent Tops $116 as Middle East Risks Growrigzone.com
- Oil rallies on dual-front warogj.com
- Tanker hit by unknown projectile in Strait of Hormuzen.mehrnews.com
- Demand Outlook This Year Darkens as Brent Posts 6-Month Highenergyintel.com
- Iran war live: Israel launches ‘targeted’ Hebron operation after attackAl Jazeera
- Brent Nears $120 as Nasdaq Tests 25,800 and US 10-Year Yield Hovers at 5%ActionForex
- IRGC spox reacts to rising oil prices with an imageen.mehrnews.com
- Iran says won’t allow US warships to get close as Trump ponders new attacksAl Jazeera
- Oil, AI Credit Stress, and Bitcoin: QCP Flags a Dangerous Macro Mix for Risk AssetsCryptoPotato
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 25 | ||
| Fed Monetary Policy Report | USD | |
| Tuesday, October 27 | ||
| ADP Weekly Employment Change | USD | |
| Durable Goods Orders m/m | 1.8% | USD |
| Core Durable Goods Orders m/m | 0.6% | USD |
| S&P/CS Composite-20 HPI y/y | 2.7% | USD |
| HPI m/m | 0.1% | USD |
| CB Consumer Confidence | 80.5 | USD |
| New Home Sales | 649K | USD |