#OilFallsAmidIranRisks

About OilFallsAmidIranRisks

Iran’s supreme leader said Oct 27 he was willing to end the war if Iran’s conditions were met. WSJ reported the US had warned some Gulf states to prepare for possible action against Iran after the midterms; Trump has not made a final decision. Brent closed at $109.74/bbl and WTI at $99.50. Diplomatic hopes coexist with military risks, while Hormuz shipping and energy security remain uncertain. Escalation could disrupt supply and raise shipping costs. Can oil’s decline continue?