Oil prices approach Iran-war highs as soaring tanker rates trigger a second energy squeeze

MarketWatch Thursday 22 October 2026, 20:46 UTC By Isabel Wang 1 min read

Key Points

Wall Street may be starting to price in the scenario everyone fears: a full-scale regional conflict that could further choke off global energy supplies and unleash a fresh wave of turmoil across financial markets.

Iran (LOCATION)

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Oil prices approach Iran-war highs as soaring tanker rates trigger a second energy squeeze

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