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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.12376 |
| Change that session | +0.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Oil prices jump on Middle East worries as U . S ., Israel reportedly weigh fresh Iran strikes
Oil rose after The New York Times reported that U.S. and Israeli militaries have drawn up plans to resume strikes on Iran after next month's midterm elections, with a 'short but intensive' operation in preparation. Brent crude futures climbed 2.45% to $111.49 a barrel, and West Texas Intermediate gained 2.39% to $99.47. The U.S. also ordered non-emergency government employees and their families to leave Saudi Arabia, citing increasing attacks by Iran-aligned Houthis on civilian targets. Aptus Capital Advisors' David Wagner argued the economic impact may be milder than in past decades, as gasoline took about 5% of average disposable income a decade ago versus about half that today. He noted crude remains well below its inflation-adjusted historical highs.
- Global oil prices hit highest level in 5 months amid attacks on ships , facilities
Brent crude futures topped $111 a barrel for the first time since May after Iran and its Houthi allies claimed attacks on Middle East oil infrastructure, before retreating to $110.30. That is up more than 55% since the Iran war began in late February, while U.S. WTI crude rose to $105.75, up more than 60%. Houthi militants claimed strikes on Saudi Arabia, including the Shaybah oil field and Saudi Aramco facilities in Yanbu, and the IRGC claimed two tankers hit naval mines south of the Strait of Hormuz. U.S. gasoline averaged $4.27 a gallon, nearly $1.30 higher since late February, with affordability a top voter concern before the early November midterms. The tentative U.S.-Iran accord expired in August, and the article notes the conflict had earlier pushed U.S. inflation to a three-year high in May.
- Business - HITS FM
Global oil prices rose to their highest level since May on Tuesday after Iran and its Houthi allies claimed attacks on Middle East oil infrastructure. Brent crude briefly topped $111 a barrel before easing to $110.30, a rise of more than 55% since the Iran war began in late February. West Texas Intermediate jumped to $105.75, up more than 60% since the war started, and the average U.S. gasoline price reached $4.27 a gallon, according to AAA, nearly $1.30 higher since late February. The UKMTO reported an incident involving a tanker off Oman, Iranian media said two tankers hit naval mines south of the Strait of Hormuz, and Houthi strikes hit Saudi facilities including the Shaybah oil field and Saudi Aramco's Yanbu site. U.S. inflation hit a three-year high in May before easing over the summer, but the tentative accord with Iran expired in August and attacks have continued.
- Petrol and diesel prices today , October 16 : How much does fuel cost in Delhi , Mumbai , Bengaluru
State-run oil companies kept petrol and diesel prices unchanged in the 6:00 AM revision on Friday, despite the US-Iran war pushing up global crude and fuel costs. CNG prices rose in eight locations, with Chennai, Mathura and Meerut seeing the biggest increases of ₹2 each. In Mumbai, petrol stayed at ₹111.21 per litre. Brent fell 0.39% to $105.51 a barrel and WTI dropped 0.55% to $97.43 as the IEA agreed to release over 20 million barrels of diesel, though investors remained sceptical that these measures would cool the market. Attacks around key shipping routes have surged over the past 10 days, and Washington is weighing lifting sanctions on some “shadow fleet” tankers to ease record-high freight rates.
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The Democratic National Committee's press release says gas prices have been above $4 per gallon for 158 days this year, more than any other year on record. It links this to rising inflation and to the war with Iran that Donald Trump and JD Vance are waging, which it calls deadly and costly and says shows no end in sight.
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Columnist James Howard Kunstler argues that the riots in France, including a fire that destroyed the Limoges city hall, may be a final push by left-wing forces against Western culture, and notes President Macron's reaction. He suggests U.S. Democrats could also stage violent protests, pointing to Meta's temporary suspension of the No Kings Instagram account during Saturday's demonstrations. He predicts post-election unrest after the midterms, citing the Justice Department's expanded scrutiny of voting in several states. He expects President Trump to respond forcefully, possibly by declaring a national emergency.
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