Oil Prices Ease from Six-Month Highs as Diplomatic Efforts Offset Geopolitical Tensions

Bloom Pakistan reported that hopes for a resolution to the US-Israeli war on Iran eased oil-supply fears on October 27, though renewed Houthi attacks on Saudi Arabia limited the drop. It put Brent at $115.15 a barrel and WTI at $101.32. Another post said Gulf crude flows were recovering but shipping costs remained elevated, leaving a substantial premium for geopolitical risk and prompt supply.