Brent crude is trading at $117 per barrel as tensions in the Persian Gulf continue. President Trump said he may “finish the job” and an attack could come tomorrow, while also suggesting Iran might make a deal. Iran denied an Al Arabiya report that it offered to reopen the Strait of Hormuz in exchange for lifting the naval blockade, saying its only position is its 7-point plan already delivered to Washington. Iran warned that any new war would strike all infrastructure, including civilian, in the Emirates and Israel. Former President Obama said Iran had no nuclear weapons and that Trump started an unnecessary war, pointing to attacks on allies and bases and depleted missile stockpiles after 7 months.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on bankingnews.gr ↗
Keywords
oil pricesIranStrait of HormuzgeopoliticsDonald Trump
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Trump says US could attack Iran 'as soon as tomorrow' or reach a major deal
US President Donald Trump said Washington is considering a strike on Iran that could come as early as tomorrow, while leaving open the possibility of a deal with Tehran. He said his goal is to prevent Iran from developing nuclear weapons in the long term, and argued that an earlier US campaign using B-2 bombers was not enough to ensure lasting results. Trump also said oil flows through the Strait of Hormuz had risen compared with before the conflict, without providing specific figures. Earlier, US envoy Tom Barrack said a strike could happen this weekend. The conflict between the US, Israel and Iran began in February and has spread across the Middle East, yet nearly nine months later the sides have not found a way to end the tensions.
- US-Iran Conflict: When Time Becomes a Weapon
Neither the US nor Iran wants to make the first concession, leaving talks deadlocked and escalation risks in place. Citing three senior Iranian officials and an anonymous insider, Reuters reported Iran is prolonging negotiations to hurt President Donald Trump before the November 3 US congressional elections, though Iran has not publicly confirmed this. The sticking point is sequencing: the US wants Iran's nuclear program on the table first, while Iran prioritizes reopening the Strait of Hormuz, lifting the blockade of its ports, ending oil export sanctions and halting fighting. Kpler data recorded at least 18 ship attacks in the past two weeks, with the risk reaching the Gulf of Oman, and analysts see a step-by-step deal with verification as more realistic than an immediate breakthrough.
- US and Israel Plan Renewed Strikes on Iran Post - Midterms ; Tehran Threatens Father of All Bombs
According to The New York Times, the US and Israel have drawn up specific plans for a short but intensive strike campaign on Iran's energy infrastructure, nuclear facilities and missile and drone arsenals, to be carried out after the US midterm elections. The US is assembling a major force, including three aircraft carriers, thousands of Marines, fighter jets and Special Operations units, expected to be fully in place by early November. Some US officials argue another round after nearly eight months of conflict could push Iran's economy to the brink and force diplomatic concessions, while Washington reportedly sees the threat as leverage in talks over Iran's nuclear programme and the Strait of Hormuz. Tehran has threatened to unveil a weapon it calls the 'father of all bombs' without giving details, and warned that renewed fighting could hit data centres and undersea internet cables. Whether Trump will approve the attack remains uncertain, and Israel's October 27 election could complicate the timing.
- Trump faces two losing options in Iran as IRGC warns on Hormuz
Donald Trump has again ruled out an attack on Iran before the November 3 midterm elections and said he will not use nuclear weapons or order a ground invasion, yet analysts say his military options are limited and do not guarantee victory. The conflict began on February 28 with US and Israeli strikes, after which Iran closed the Strait of Hormuz, a route that carried at least 20 percent of global crude oil and LNG before the war; crude rose from around 72 dollars to nearly 120 dollars a barrel before easing to 106 dollars. Washington maintains a naval blockade of Iran's southern ports and escorts ships through the strait, the option analysts see as most likely, but Hormuz oil flows fell to 2.9 million barrels on October 11 after recovering to above 81 percent of pre-war levels in September, according to Kpler.
- US President Trump said Iran had asked for a halt to US attacks ; European bourses set for a firmer open after the recent tech sell off - Newsquawk EU Market Open
President Trump said Iran has asked the US to halt its attacks and negotiations are still ongoing; he said he would not use nuclear weapons but warned the US may have to go to Pickaxe Mountain. CENTCOM rejected the IRGC's claim that it controls the Strait of Hormuz and denied that a Singapore-flagged container ship hit a naval mine, saying the civilian vessel M/V GFS Pride was hit by an IRGC projectile and sank while being towed to shore. Iran's Army Commander said the Strait of Hormuz would remain closed until the rights of the Iranian people are respected, while Tehran blacklisted more vessels, bringing the total to 120. The Saudi-led coalition said it intercepted and destroyed a drone launched toward the kingdom's eastern region. In markets, US stocks swung mixed before rebounding modestly, but tech remained under pressure after the KOSPI fell 7.5% overnight.
- U.S. reportedly considers use of 'mother of all bombs' as Iran vows to fight on
The U.S. military has drawn up options for renewed strikes on Iran that could include the GBU-43/B 'mother of all bombs,' a 21,600-pound air-burst weapon not previously used against targets in Iran, according to CNN citing U.S. officials; CNBC has not independently confirmed the report. President Donald Trump said last week he would not resume strikes before the Nov. 3 midterm elections, but tensions remain high after a container ship sank in the Strait of Hormuz and Houthi attacks on Saudi Arabia. The White House faces pressure to show progress as soaring energy prices hit Americans at home. Tehran is reportedly bolstering defenses around energy and nuclear sites, and Parliament Speaker Mohammad Bagher Ghalibaf said Iran will combine military, negotiation and regional leverage to push Washington to accept its demands, including lifting its naval blockade and sanctions and withdrawing U.S. forces from the region.
Related markets
Latest news
- Taiwan Semiconductor Is Set to Cash in on AI. Here's What a $5,000 Investment Could Be Worth by 2030.
The article argues that Taiwan Semiconductor (TSM), the world's largest chip foundry, stands to benefit strongly from AI infrastructure spending. The company has committed $265 billion to expanding US chip production capacity, and CEO C.C. Wei said demand is "very extremely robust" and that AI chip growth could be higher than earlier guidance in the high-50% range for 2024 through 2029. Nearly 70% of Q3 business came from high-performance computing and about 20% from smartphones. The author assumes 35% annual revenue growth through 2030 and a 50% profit margin, with the stock valued at 25 times earnings, implying a market cap of $6.5 trillion versus $2.2 trillion today and a $5,000 investment growing to about $15,000.
- In pictures: Initially peaceful protests across France over inequality again descend into violence
Mostly peaceful protests across France over rising living costs and inequality turned violent again at the weekend. France's Interior Ministry said 410,000 people joined rallies in several major cities, including Paris. In Paris, riot police used tear gas and water cannon against about 500 hooded youths throwing stones, while in Marseille, youths blocked streets, set fire to bins and threw rocks and bottles at police. The protests began when high school students in suburban Paris complained about poor school conditions, including teacher shortages. The yield on France's 10-year bond rose above 5% for the first time since 2002, settling at about 5.03% on Friday, and some investors fear the debt problems could spread across the euro zone.
- Cathie Wood Just Poured Millions Into 2 Nuclear Stocks -- and Neither Was NuScale Power
Ark Invest funds run by Cathie Wood bought shares of X-Energy and Oklo this week, though none of its ETFs hold NuScale Power. On October 22, ARK Innovation ETF (ARKK), ARK Autonomous Tech & Robotics ETF (ARKQ) and ARK Space & Defense Innovation ETF (ARKX) bought 292,022, 126,437 and 66,436 X-Energy shares, an estimated $5.1 million total at an assumed average price of $10.48. Purchases continued on Wednesday, adding about $2.2 million of X-Energy stock through ARKQ and ARKX. ARKQ also bought 150,998 Oklo shares on October 22, valued at about $4.1 million as the stock traded between $26.36 and $28.20. The article notes that neither company has started commercial SMR operations, so both carry higher risk, and cautions against blindly following other investors' buying activity.
- Iran says it shot down US drone after Trump's warning
Iran's military said its air defenses shot down a US drone over the southern port city of Bandar Abbas, and Tasnim reported it was a US-made LUCAS drone. The incident came after President Trump said on October 24 that the US could strike Iran “as early as tomorrow” or reach a deal, and stated the goal of preventing Iran from developing nuclear weapons. He said Iran could avoid further military action by complying with an agreement, but was unsure of the next step. The Wall Street Journal reported that aircraft from the USS George Washington carrier group were being readied, and that the US had reportedly evacuated some diplomatic posts and military bases in the region. Mohamad Elmasry, a professor at the Doha Institute for Graduate Studies, said these signs point to a new round of fighting.
- Is Intel Stock a Buy Right Now?
Intel shares are up about 150% year to date as of October 21 on its strongest revenue growth in more than 15 years, but have fallen about 36% from their June high. Revenue for the quarter ended June 27 rose 25% year over year to about $16.1 billion, with AI-related revenue up more than 70% and making up about 70% of sales. Adjusted gross margin rose to nearly 42% from about 30% a year earlier, and CFO David Zinsner targets 50% over the long term. The foundry unit still lost $2.1 billion in the second quarter, with management expecting breakeven by the end of 2027, possibly delayed to 2028. The stock trades at about 60 times this year's expected earnings and 43 times next year's, a valuation the article says can be supported by analysts' estimate of 69% annual earnings growth, ahead of the October 29 third-quarter report with revenue guidance of $15.8 billion to $16.8 billion.
- Bitcoin ETFs Snap Two-Week Losing Streak Despite Late-Week Slide
U.S. spot Bitcoin ETFs saw $137.9 million in outflows on Friday but still finished the week up about $301 million, ending a two-week losing streak. For October, the Bitcoin funds remain down about $314 million, while Ethereum ETFs are down roughly $1.18 billion for the month. Bitcoin slipped 1.1% to about $80,490, and on the Myriad prediction market, the odds of Bitcoin dropping to $77,500 this month rose to 43%. The article links these moves to a midweek global selloff, when oil climbed above $111 a barrel and AI stocks slid.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.