Oil prices rose Thursday on fears of a wider Middle East conflict after the U.S. was reported to be planning to resume strikes on Iran. Brent crude rose 3.3% to $112.37 a barrel after nearly reaching $113, and WTI gained 2.8% to $99.88. U.S. and Israeli militaries have reportedly drawn up plans for renewed strikes after the midterm elections, and Trump said the U.S. is not negotiating with Iran and that something will happen 'fairly soon.' The U.S. ordered non-emergency government staff and their families to leave Saudi Arabia amid Houthi attacks, and Aramco told staff to evacuate its Dhahran headquarters. Aptus Capital Advisors' David Wagner argued the economic impact may be milder than in past decades, as gasoline took about 5% of disposable income a decade ago versus roughly half that now.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Brent crude tops $112 after Trump says no negotiations with Iran , something will happen fairly soon
Read the original on cnbcafrica.com ↗
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oil pricesIrangeopoliticsDonald Trump
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QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.21 |
| Change that session | +1.06% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.13 |
| Change that session | +0.53% |
VNINDEX
▼ Likely negativeRelevance: medium
| Market | Vietnam stocks |
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| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
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| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
PLX
▼ Likely negativePetrolimex
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 44,661 bn VND |
| P/E | 13.9 |
| P/B | 1.84 |
| Close on 10/22/2026 | 35.85 |
| Change that session | +1.99% |
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