MARKETS

S&P 500 7,623.68 -0.52% NASDAQ 25,955.34 -0.21% FTSE 100 10,744.86 +0.51% NIKKEI 62,190 -0.80% BRENT $110.04 -1.49% GOLD $4,034.9 +0.67%

Delayed 15 min · 12:46 GMT

FLASH

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Intelligence

Oil is pricing in the next round of war.

The upwards trend may continue amid raised fears for energy infrastructure,

Industry Radar | 25 October 2026

Oil is pricing in the next round of war.

Oil is pricing in the next round of war.

Oil posted its third straight weekly gain as markets priced in renewed US–Israeli strikes on Iran after the midterms. That adds inflation pressure just before central-bank week.

Brent settled at $116.72 a barrel on Friday, 23 Oct, up 3.1% to a six-month high, while WTI settled at $103.27, up 3.8%.

Brent gained about 6.8% on the week and WTI about 4.2%, a third consecutive weekly advance for both.

US officials told The New York Times that Washington and Israel had plans for another strike on Iran, timed for after the US midterm elections in November.

Houthi attacks on Saudi Arabia have added to fears for regional energy infrastructure. For central banks meeting this week, that is an unwelcome inflation risk.