Risk Wire › 26 Oct 2026
Daily brief
Risk Wire — 26 October 2026
Brent opens the week above $115 with Gulf escalation risk building around the US and Israeli elections, while Indonesia's gas export cuts add a supply squeeze for Singapore.
Oil / Products
Sourced from Bloomberg’s Points of Return and Morning Briefing Asia.
Brent crude starts the week above $115 a barrel, with the 12-month-forward contract at its highest since the aftermath of Russia’s 2022 invasion of Ukraine. — Bloomberg · Bloomberg
Risk lens: Bullish (deferred Brent) — the back of the curve is repricing lasting supply damage, so hedges struck on a near-term peace assumption are the exposed ones.
Trump says it is nearing “decision time” on striking Iran or making a deal, and Tehran is reportedly preparing to retaliate across the Middle East if needed. — Bloomberg
Risk lens: Bullish (volatility) — a binary outcome after the midterms keeps option-implied vol bid and makes short-gamma positions costly to hold.
Gas & Power
Sourced from Bloomberg’s Morning Briefing Asia.
Indonesia has begun trimming pipeline gas exports to Singapore as President Prabowo prioritises domestic supply. — Bloomberg
Risk lens: Bullish (Singapore gas and power prices) — losing pipeline supply forces more spot LNG buying into an already tight Asian market.
Headlines are summarised in our own words for comment and analysis, with attribution and a link to the original publisher. Indicative only — not investment advice.