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Oil above $114… and markets await what comes after the elections!
Oil prices are moving amid fears of a new military escalation in the Middle East, coinciding with Israel’s parliamentary elections on October 27 and the U.S. midterm elections on November 3.
According to the report, Brent crude rose by about 6% last week, reaching its highest level in nearly six months, before falling on October 26 to $114.51 a barrel, down 1.89% for the day, as signs emerged of diplomatic efforts to contain tensions.
Why are markets worried?

Fears that threats could extend to Saudi energy facilities and export routes through the Red Sea.
Higher shipping costs are making oil more expensive to deliver, even as some exports recover.
📊 How could this affect markets?
If oil prices continue to rise, inflationary pressures could return and the chances of interest-rate cuts could diminish, potentially weighing on stocks—especially growth stocks—while some energy companies may benefit from higher prices.
On the other hand, easing tensions and stable shipping could push oil prices lower and ease pressure on markets.
Bottom line: Oil’s next move will depend not only on the election results, but also on whether they are followed by a real de-escalation that ensures supplies continue to flow. Until then.
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