Business · Energy & Commodities · 2 hrs ago
Oil falls from a six-month high as Iran tensions keep supply risks in focus
Brent crude fell below $115 a barrel on Monday, retreating from a six-month high reached last week.
The drop came even as tensions between the United States and Iran kept supply concerns alive.
US President Donald Trump said a decision was approaching on whether to reach an agreement with Tehran or resume attacks, while Iran's foreign minister said the United States would not attack if it acted rationally.
Brent had risen about 90% this year as war disrupted oil flows in the Middle East.
Oil shipments through the Strait of Hormuz have recovered close to pre-war levels, though attacks on ships and risks of further escalation remain.
The fall in oil prices offered some support to markets as investors prepared for central bank decisions and major technology company results this week.
Markets will watch whether tensions or policy decisions shift prices next.
Oil prices fell on Monday from their highest levels in about six months as investors assessed inflation, central bank decisions and geopolitical risks.
Brent crude traded around $114.45 to $114.88 a barrel in reports, while US crude was near $101.
Brent had risen 6.2% last week, reaching its highest weekly close since mid-2022.
Investors faced a week of central bank meetings and earnings reports from major technology companies.
Some analysts warned that prolonged high energy prices could add to inflation pressures and influence interest-rate decisions.
- Who
- Oil market investors and traders, alongside central banks weighing inflation and interest rates.
- What
- Oil prices retreated from near six-month highs, with Brent and US crude both falling.
- When
- Monday, October 26, 2026.
- Where
- Global markets; prices cited include Brent crude and US crude.
- Why
- Investors weighed inflation, upcoming central bank decisions, signs of overbought prices and risks of escalation in the Middle East.
This story does not have two clearly opposing sides.
The United States and Israel began the war with an attack, with the stated aim of ending Iran’s nuclear ambitions.
Brent crude rose 6.2%, reaching its highest weekly close since mid-2022.
Reports said Qatari mediators arrived in Tehran as part of efforts to reduce regional tensions.
Oil prices fell from near six-month highs as investors prepared for central bank meetings and major technology company earnings.
The Federal Reserve and other central banks were scheduled to announce monetary policy decisions.
- Brent crude
- About $114.45 to $114.88 a barrel in reports
- US crude
- About $101 a barrel
- Brent’s weekly rise
- 6.2%
- Brent’s recent high
- Highest weekly close since mid-2022
- Scheduled company results
- Microsoft, Alphabet and Amazon
4 sources
What people are saying
وقت اتخاذ القرار يقترب
Los mercados globales se preparan para otra semana importante
الرسالة الرئيسية من البنوك المركزية الكبرى التي تتعامل مع المفاجآت الاقتصادية هذا العام تشير إلى بدء دورة محدودة نسبياً من رفع أسعار الفائدة