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US likely to resume military action against Iran, pushing oil prices above $100 a barrel.

Market News
06 Nov 2026, 06:46 WIB
CNBC
View Source
Bullish
US likely to resume military action against Iran, pushing oil prices above $100 a barrel.

Bob McNally, CEO of Rapidan Energy Group, predicts an 80% chance of renewed US military action against Iran soon, which could drive Brent and West Texas Intermediate crude oil prices above $100 per barrel. This risk premium follows heightened tensions around Iran's nuclear ambitions and US strikes. While some analysts see potential for diplomacy after US midterms, Iran's demands and ongoing conflict risks keep oil markets volatile. The situation affects global energy costs and inflation concerns.

The possibility of U.S. action on Iran and its impact on oil prices is the subject here. For readers following the Energy sector, here is Pluang's market snapshot as of Nov 06, 2026 12:02 WIB: out of 79 priced Energy-sector US stocks, 4 rose and 75 fell. Notable movers include UUUU at USD 6.65 with a -7.77% change, ENPH at USD 29.17 with a -7.54% change and a 57% Sell order activity, and VIST at USD 57.59 with a -7.14% change.

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