Oil prices approach Iran-war highs as soaring tanker rates trigger a second energy squeeze

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• Iran threatens to use the 'father of all missiles' to strike adversaries' energy facilities

  Major General Mohammad Reza Naqdi, senior adviser to the IRGC commander, said at a rally in Sari on October 18 that Iran has prepared the most advanced missiles and will respond to any aggression. He warned that energy infrastructure and investments belonging to powers Tehran deems aggressive in the region could fall within Iranian missile range. His remarks answered US President Donald Trump's threat to use the GBU-43/B MOAB, often called the 'mother of all bombs' and weighing about 14 tons, against Iran's energy infrastructure and nuclear sites. Naqdi said Iran also possesses these bombs, having seized some that failed to detonate in the 12-day war, and called Trump's impatience a 'public admission of defeat'.

  CafeF·19/10, 11:18▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USD• BTC/USDTIrangeopoliticsenergy security
• Attacks on Gulf energy infrastructure pose risks to Pakistan economic outlook : FinMin Aurangzeb

  Pakistan's Finance Minister Muhammad Aurangzeb told AFP the country has procured enough energy supplies to last through November and is now planning for winter. He said Pakistan has so far withstood the shock from soaring energy prices caused by the Iran war, but attacks on infrastructure in Saudi Arabia and other Gulf countries are worrying for its longer-term outlook. Aurangzeb said Pakistan would avoid buying costlier spot LNG cargoes unless absolutely necessary, and warned that continued infrastructure damage would delay the return to normalcy. He also pointed to rising tax revenues, efforts to curb sales tax theft, and resistance to reforms from industry and vested interests. He also met IMF's Jihad Azour to review progress on revenue, inflation, growth and the current account.

  tribune.com.pk·17/10, 12:15▲ XAU/USDgeopoliticsoil pricesenergy security
• Houthi Forces Claim Further Attacks on Saudi Airports and Oil Facilities

  Yemen's Houthi forces claimed on October 14 to have targeted King Khalid International Airport, the Saudi Aramco headquarters complex in Dhahran, and an Aramco refinery in Riyadh, according to Reuters. The Saudi-led coalition said it intercepted a ballistic missile aimed at Riyadh, while the Saudi Energy Ministry said the Aramco attack caused only a small fire and no casualties. A Reuters source said a ballistic missile hit the Aramco headquarters complex, damaging the top three floors of an office building. Tensions escalated after Saudi Arabia struck a fuel depot in Yemen on October 13, following an earlier attack on King Khalid airport that killed 13 people and injured more than 300. The attacks raise concerns about energy security, given Aramco's central role in Saudi Arabia's economy and global oil supply.

  CafeF·14/10, 14:18▲ XAU/USDgeopoliticsoil pricesHouthi
• Crude Oil Soars Amid Rising Supply Disruption Concerns Due To Possible Fresh U . S .- Iran Attacksfinanzen.ch·22/10, 20:00▲ XAU/USD▲ BSR▼ PLX▲ PVDoil pricesIrangeopolitics
• Update: US Equity Indexes Retreat as AI Trade Falters, Crude Oil Surges Amid Iran's Invasion Warning to Mid-East NeighborsYahoo Finance·22/10, 19:52▼ QQQ▼ SPY▼ NVDA▲ XAU/USDoil pricesIrangeopolitics
• Angola Oil Price Gap Hits US$51 a Barrel

  Brent crude traded near US$112.4 a barrel on Thursday 22 October 2026, up about 3.3% on the day and roughly US$51 above the US$61 Angola assumed in its 2026 budget. Novo Jornal called it a four-year record, but the article says market data do not support that claim: the level is the highest since early May, while the all-time high of US$147.50 dates from July 2008. Novo Jornal attributes the move to the Persian Gulf war and fears of new strikes on Iran, though no official statement names a single trigger. Output was 1.032 million barrels a day in the first half against a 1.050 million target, and fuel subsidies could reach about 2.48% of GDP by December versus 0.9% in the budget.

  riotimesonline.com·22/10, 19:15oil pricesbudgetIran

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