Oil prices rose on Wednesday as investors weighed a possibly prolonged and widening Middle East conflict after Tehran-backed Houthis attacked Saudi Arabia's largest refinery, Ras Tanura, with a ballistic missile. Brent rose $1.50, or 1.32%, to $115.59 a barrel, while WTI gained $1.47, or 1.47%, to $101.37. President Trump said the war with Iran would end on his terms and that Tehran must be prevented from acquiring nuclear weapons. Israel's election also appeared headed for a stalemate, as preliminary exit polls showed neither bloc reaching the 61 seats needed in the 120-seat parliament.
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Related tickers and likely impact
PVD
▲ Likely positivePetroVietNam
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 17,395 bn VND |
| P/E | 15.6 |
| P/B | 1.00 |
| Close on 10/27/2026 | 18.50 |
| Change that session | -1.33% |
PLX
▼ Likely negativePetrolimex
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 45,297 bn VND |
| P/E | 14.1 |
| P/B | 1.86 |
| Close on 10/27/2026 | 35.30 |
| Change that session | -0.98% |
PVT
▲ Likely positivePVTrans
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Industrial Goods & Services |
| Industry | Marine Transportation |
| Market cap | 12,225 bn VND |
| P/E | 8.6 |
| P/B | 1.29 |
| Close on 10/27/2026 | 23.20 |
| Change that session | -1.90% |
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/27/2026 | 4,060.32 |
| Change that session | +1.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Oil Prices Fall More Than 2%
US crude (WTI) fell 2.19% to $101 a barrel and Brent fell 1.89% to $114.51 as of 13:00 Vietnam time on Oct. 26, after a sharp rise on Oct. 23 when Houthi attacks on Saudi Arabia revived supply concerns. The Houthis said they targeted Riyadh's main airport and Saudi oil facilities over the weekend, and Saudi authorities said they intercepted more missiles and drones on Sunday. Michael Alfaro of Gallo Partners estimated geopolitical tensions added about $20 per barrel and said Brent above $120, $130 or $140 could weaken demand more sharply. Damage to refining infrastructure could create a structural challenge extending into 2027, while the US Department of Energy approved releasing up to 400,000 barrels from the Strategic Petroleum Reserve to address a supply disruption at a Louisiana refinery.
- Oil prices edge lower
Crude oil prices edged lower on October 26 as Saudi Arabia's Defense Minister held talks with Iranian leaders in Tehran aimed at easing tensions. Brent fell $0.91 to $115.81 a barrel after briefly topping $117, while U.S. WTI dropped $1.51 to $101.76 a barrel, and prices have risen about 12% since the start of the month. The talks came as Yemen's Houthis, Iran's allies, repeatedly attacked Saudi Arabia, raising concerns about supply disruptions as global inventories have fallen sharply after eight months of conflict. Michael Alfaro of Gallo Partners said the real challenge lies in refining capacity, which could become a structural issue lasting into 2027.
- Saudi Arabia says it intercepted missiles and drones from Iran-backed Houthis
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- American embassies tighten security as Iran threat warnings intensify ahead of U.S. midterm elections
New reports said Iran is in the “advanced stages” of planning attacks against Americans, and a memo from Director of National Intelligence Jay Clayton, reported by The New York Times, said Iran has “substantially increased efforts to target U.S. personnel” in the region, with the threats also applying to “certain other countries.” The warnings come as the U.S. ordered non-emergency government employees to leave Saudi Arabia, amid worsening attacks by the Iran-backed Houthis and a broader U.S.-Iran war nearing its eighth month. The Saudi-led coalition said it destroyed two ballistic missiles fired by the Houthis toward Taif and Yanbu on Saturday. The Trump administration has vowed to delay military strikes on Iran until after the Nov. 3 midterm elections, where inflation and affordability are voters’ top concerns. Oil prices soared, with Brent crude futures topping $116 a barrel, a six-month high, and U.S. West Texas Intermediate rising 3.8% to settle above $103 a barrel.
- Brent crude climbs near USD 117 a barrel, highest in 6 months
Brent crude rose 3.1% to close at USD 116.72 a barrel on October 23, its highest close since April 29, while WTI gained 3.8% to USD 103.27. Investors increasingly believe the US could resume strikes on Iran in the coming weeks, after President Donald Trump said the US was not negotiating with Iran and that something would happen “fairly soon”. US officials told The New York Times that the US and Israel had planned new strikes after the midterm elections. For the week, Brent gained 6.2%, its third straight weekly rise, while WTI added 2%. Iran-backed Houthi forces continued attacks on Saudi Arabia, and the US State Department ordered non-essential staff to leave the country.
- Brent crude hits $115 a barrel
On the evening of October 23, Brent rose more than 1.8% to above $115 a barrel, its highest since early May, while WTI gained 1.7% to above $101. Prices were lifted after Iran-backed Houthi forces attacked Saudi energy infrastructure, airports and military facilities, prompting Saudi Aramco to evacuate its Dhahran headquarters. UBS analyst Giovanni Staunovo said the market still fears escalation, while XS analyst Linh Tran said the extent of actual supply disruption and the time needed to restore operations are key factors to watch. Deutsche Bank said the oil market has shifted from a surplus of 1.7 million barrels per day last year to a deficit of 1.8 million this year, and its 2027 scenarios range from Brent falling to $74 under a ceasefire to about $130 if fighting continues.
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Latest news
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- Technical analysis of the afternoon session on 28/10: Prolonged sideways trading
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