26/10/2026 – Daily Reports
Oil Falls From Six-Month Highs as Hopes for Middle East De-escalation Rise
- Oil Prices Retreat: WTI crude fell toward $101 per barrel, while Brent dropped to around $114.50 after last week’s sharp rally.
- Diplomatic Efforts Raise Hopes: Qatari mediators traveled to Tehran to help de-escalate regional tensions in coordination with the United States.
- Saudi Arabia Remains at Risk: Houthi attacks on Saudi infrastructure and continued missile and drone interceptions highlight persistent threats to regional energy supplies.
- Strait of Hormuz in Focus: Disruptions to shipping through the Strait of Hormuz and Bab el-Mandeb continue to threaten global oil flows.
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GLOBAL MARKETS | OCTOBER 26
Fed: Markets expect rates to remain unchanged on October 28.
Oil: Brent eased to around $114 amid diplomatic efforts.
Gold: Gold is recovering near $4,010 after a sharp decline.
Dollar: The dollar index stands near 101.64 as Treasury yields ease.
