Veytics Intelligence
2026-10-08 · CNBC

Oil gains as Middle East hostilities stoke supply worries

Oil rose Thursday as Middle East worries keep markets on edge, with the U.S. reportedly considering large-scale U.S. military operations in Iran in the coming weeks. Futures for international benchmark Brent crude for December delivery gained 1.36% at $101.54 a barrel. U.S. West Texas Intermediate futures for November advanced 1.04% at $89.32 per barrel. President Donald Trump and his national security team have talked about possibly restarting large-scale U.S. military operations in Iran in the coming weeks, NBC News reported, citing sources. That also includes the option of strikes prior to next month's midterm elections.

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