WTI steadies below $102 as Iran diplomacy offsets supply risks: Oct 30, 2026
WTI has been trading above $100.00 and steadied below $102.00 as Middle East supply risks compete with hopes for Iran diplomacy. An oil tanker catching fire near the Strait of Hormuz and fresh Middle East developments have kept focus on potential supply disruptions, while Iran diplomacy hopes, surging gasoline inventories and record-high US production have eased fears. The market reached a one-month high as investors gauge Mideast supply risks ahead of next week's midterms.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the WTI page.
Headlines (10)
First seen on October 30
- Iran war live: IRGC says four tankers struck mines in Strait of HormuzAl Jazeera
- WTI steadies below $102.00 as diplomatic hopes offset Middle East supply risksFXStreet
- Oil Hits 1-Month High as Next Week’s Midterms Set Up an Iran TestBeInCrypto
Carried over from earlier days
- WTI Surges Back Near War Highs: Gasoline Inventories Surge, US Production Rebounds To Record HighZeroHedge
- WTI snaps two-day losing streak amid fresh Middle East developmentsFXStreet
- US oil prices fall as investors gauge risks to Mideast supplyInvesting.com
- WTI Oil eases from highs on Iran peace hopes but remains above $100.00FXStreet
- Oil tanker catches fire after hitting naval mines near Strait of Hormuz: Iranian Navyaa.com.tr
- Oil retreats as Iran diplomacy eases fears of further supply disruptionsoilandgas360.com
- EU nations vow to release 42.6m barrels of oil after G7 pledgegulfnews.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, October 30 | ||
| GDP m/m | 0.2% | CAD |
| Employment Cost Index q/q | 0.8% | USD |
| Chicago PMI | 55.8 | USD |
| FOMC Member Daly Speaks | USD | |
| FOMC Member Musalem Speaks | USD | |
| Saturday, October 31 | ||
| Manufacturing PMI | 49.9 | CNY |
| Non-Manufacturing PMI | 50.0 | CNY |
| Sunday, November 1 | ||
| Manufacturing PMI | CNY | |