Brent crude reportedly above $117 as European stocks post weekly losses

Greg Michalowski reported Brent crude above $117 on Oct. 23, 2026, as European stocks finished the week lower and France's 10-year yield rose 16.7 basis points. A KobeissiLetter post attributed the oil move to fears of renewed U.S. strikes on Iran, but Michalowski's report did not establish that explanation.