Oil Markets Brace for Renewed Iran Fighting

Bloomberg Markets Saturday 24 October 2026, 11:39 UTC 1 min read

Key Points

Bloomberg Economics Chief Emerging Markets Economist Ziad Daoud tells Bloomberg This Weekend that the risk of renewed fighting between the US, Israel and Iran is rising, helping keep oil prices elevated even as energy flows through the Strait of Hormuz recover. Speaking with hosts David Gura and Christina Ruffini, Daoud says the conflict could remain a long-term stalemate, with heightened shipping costs, depleted stockpiles and escalating regional tensions continuing to threaten global...

Ziad Daoud (PERSON) Bloomberg This Weekend (ORG) US (LOCATION) Israel (LOCATION) Iran (LOCATION) the Strait of Hormuz (LOCATION) David Gura (PERSON) Christina Ruffini (PERSON) Daoud (PERSON) Bloomberg (PERSON)

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Oil Markets Brace for Renewed Iran Fighting

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