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Delayed 15 min · 14:43 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

Regions

Brent at $110 as Hormuz attacks rattle Gulf supply

Oil hit its highest level since May as Iranian strikes around the Strait of Hormuz kept markets on edge, even though Gulf exports have largely recovered.

Market Signals | 18 October 2026

Brent at $110 as Hormuz attacks rattle Gulf supply

Oil hit its highest level since May as Iranian strikes around the Strait of Hormuz kept markets on edge, even though Gulf exports have largely recovered.

Oil jumped more than 3% on Friday, with Brent touching $110 for the first time since May. Attacks around the Strait of Hormuz surged over the past 10 days, with Iran saying it was stepping up strikes in response to the US blockade of its ports and tougher sanctions. An IEA announcement that it would release millions of barrels of diesel briefly pushed prices down early Friday. Iraq put its losses from the US-Iran war at $60bn.