Brent crude reportedly near $115–$116 amid US-Iran tensions

On October 27, a market post said Brent had cooled from near six-month highs around $115 as hopes for US-Iran de-escalation rose. The next day, another user put Brent at $116 and linked the price to rumors of US strikes on Iran after the midterms. A separate post relayed a Houthi claim of a strike on Saudi Arabia's Ras Tanura refinery and said the US had warned Gulf states of renewed war risk.