Risk Wire › 24 Oct 2026
Daily brief
Risk Wire — 24 October 2026
Brent touched about $117 as the US-Iran war nears its ninth month and Iranian shipping attacks ramp up, while Germany moves to halt further refinery closures.
Oil / Products
Sourced from Bloomberg’s Evening Briefing Americas.
Brent reached about $117 a barrel and US unleaded gasoline hit $4.30 a gallon, as ramped-up Iranian attacks on shipping met talk that the war could run another year. — Bloomberg · Bloomberg
Risk lens: Bullish (front-month Brent) — Hormuz control is the swing factor. Expect elevated implied volatility through the war’s duration.
Germany wants to stop further oil refinery closures amid energy uncertainty and mounting costs. — Bloomberg
Risk lens: Neutral (European refining margins) — keeping capacity online supports product supply, but the policy is still only an intention.
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