Brent crude futures briefly hit almost $110 a barrel on Friday, the first time since May, amid ongoing Middle East tensions and concerns over Russian supply. They closed around $109.69, up more than 3.5% from Thursday, and have risen over 50% since just before the U.S.–Iran war broke out. ING analysts said the market is pricing in a significant risk premium, which would only be fully removed by some kind of U.S.–Iran agreement. Ships were struck in the Strait of Hormuz on Oct. 11 and Oct. 13, with one container ship sinking. The U.S. average gasoline price reached $4.30 a gallon, up from $3.05 a year earlier, while diesel rose from $3.45 in January to $6.17 as of Oct. 12, prompting the Energy Department to launch an emergency exchange to limit fuel supply disruptions.
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Related tickers and likely impact
PLX
▼ Likely negativePetrolimex
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 44,534 bn VND |
| P/E | 13.9 |
| P/B | 1.83 |
| Close on 10/16/2026 | 35.05 |
| Change that session | -1.41% |
PVD
▲ Likely positivePetroVietNam
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 16,375 bn VND |
| P/E | 14.7 |
| P/B | 0.95 |
| Close on 10/16/2026 | 17.65 |
| Change that session | -0.28% |
USD/CAD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.41389 |
| Change that session | -0.32% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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