Brief by Shorts91 Newsdesk / 04:30am on 26 Oct 2026,Monday Business
Crude oil prices eased on Monday, October 26, after reaching six-month highs, with Brent crude remaining above $114 per barrel after briefly crossing $117. Persistent geopolitical tensions and supply concerns continued to fuel market volatility. Houthi attacks on Saudi Arabia prompted the US State Department to order non-essential personnel to leave the country. President Donald Trump said Washington was not negotiating with Iran, while reports indicated the US and Israel were planning possible fresh strikes after the American midterm elections. Expert Peter McGuire cited fears of attacks on Gulf infrastructure. Investor Anant Ladha warned that elevated crude prices could raise corporate costs, weaken earnings and pressure Indian equity markets. (PC: Times Now)
