Brent tops $116 as market eyes weekend Iran escalation
Brent crude tops $116 as market prices in a weekend attack on Iran; a Ukraine-Russia-US meeting is set for November.
2 h ago8 min read
Trump Poses Question on Whether to Finish Iran War or Let It Wither
Trump discusses Iran war options, market anticipates escalation; WTI crude up $2.82 to $102.27.
23/10/2026 16:133 min read
Trump is addressing Iran, and while much of his remarks repeat what he has said for months, the market is sensing a possible weekend escalation, making his words carefully watched:
- Do we want to finish it or let it wither is the question
- We could take all of the oil in Iran
- We could end Iran war very quickly
Choosing the word 'wither' seems odd if that is the direction one is heading.
There are some stock bids today, but WTI crude is still up $2.82 at $102.27, roughly 40 cents below the day's high.
Additional remarks:
- He is near a trade agreement with Mexico.
- Canada is working hard to reach a deal with the US, according to him.
- He discussed opening North Sea drilling with the UK.
- Regarding Starlink, he said he would talk to Musk if it is not resolved for Ukraine.
- He stated that he has not spoken to Musk.
- Today's call with the UK included some discussion of Ukraine and Iran.
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