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Latest Oil Market News and Analysis for Oct. 30

Bloomberg Markets Thursday 29 October 2026, 22:02 UTC By Kanoko Matsuyama 1 min read
Key Points

Oil Climbs on Signs US May Resume Military Strikes Against Iran Oil rose on signs the US may resume military strikes against Iran, risking fresh turbulence in the region that may hurt energy flows. West Texas Intermediate gained toward $103 a barrel, after swinging more than $3 in the previous session, while Brent settled near $115. A top commander briefed President Donald Trump on military options on Thursday, the Wall Street Journal reported.

Oil Climbs on Signs US May Resume Military Strikes Against Iran Oil rose on signs the US may resume military strikes against Iran, risking fresh turbulence in the region that may hurt energy flows. West Texas Intermediate gained toward $103 a barrel, after swinging more than $3 in the previous session, while Brent settled near $115. A top commander briefed President Donald Trump on military options on Thursday, the Wall Street Journal reported. The US leader has repeatedly given signals he may restart airstrikes against Tehran after midterm elections next week.
Latest Oil Market News (ORG) Iran (LOCATION) US (LOCATION) Brent (PERSON) Donald Trump (PERSON) the Wall Street Journal (ORG) Tehran (LOCATION)
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