Brent eases below $115 on diplomacy hopes amid Iran risk: Oct 28, 2026
Brent continues to carry a risk premium as uncertainty over Iran and wider Middle East tensions lingers, including the threat of new U.S. strikes and possible escalation after the U.S. midterms. Prices have eased at times, including a move below $115, as hopes for diplomacy tempered fears over supply disruption.
Updated
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Headlines (12)
First seen on October 28
- Oil prices rise after attack on Saudi Arabian refinery reignites supply concernsInvesting.com
- Brent: Risk premium holds as Iran uncertainty lingers – INGFXStreet
Carried over from earlier days
- Oil slides over 2% as traders weigh Saudi attack risks, demand destructionCNBC
- Oil Prices Dip but Hold Above $100 as Middle East Supply Threats MountOilPrice.com
- Oil price falls back to $114 as traders remain focused on Middle East conflictFinancial Times
- Oil eases on diplomacy hopes; European gas rises on winter supply concernsogj.com
- Oil Prices Drop Despite Threat of New U.S. Strikes on IranOilPrice.com
- WTI Oil picks up above $101.00 as tensions in the Middle East remain highFXStreet
- Brent: Middle East tensions sustain oil risk premium - CommerzbankFXStreet
- Oil Markets Brace for a New Iran Escalation After U.S. MidtermsOilPrice.com
- Brent slips below $115 as diplomacy tempers oil supply fearsoilandgas360.com
- UBS sees Brent near $110 by year-end, lifts 2027 forecasts on freight and supply risksInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 28 | ||
| Prelim Wholesale Inventories m/m | 0.5% | USD |
| Goods Trade Balance | -130.4B | USD |
| CB Leading Index m/m | CNY | |
| Overnight Rate | 2.50% | CAD |
| BOC Monetary Policy Report | CAD | |
| BOC Rate Statement | CAD | |
| Crude Oil Inventories | 0.1M | USD |
| BOC Press Conference | CAD | |