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Oil prices rise as US and Israel plan strikes on Iran post-midterms, US orders some staff out of Saudi Arabia.

Market News
22 Oct 2026
CNBC
View Source
Bearish
Oil prices rise as US and Israel plan strikes on Iran post-midterms, US orders some staff out of Saudi Arabia.

Oil prices increased due to concerns over a potential escalation in the Middle East conflict, as the US and Israeli militaries have prepared plans for renewed strikes on Iran following next month's midterm elections. Brent crude rose to $110.67 a barrel and US West Texas Intermediate crude to $98.53. Additionally, the US has ordered non-emergency government employees and their families to leave Saudi Arabia amid rising attacks by Iran-aligned Houthis. Despite higher oil prices, experts suggest the economic impact may be less severe than in past decades, as consumers are now less vulnerable to energy shocks.

Oil prices and Middle East tensions provide context for this market snapshot. For readers following the Energy sector, here is Pluang's market snapshot as of Oct 22, 2026 09:11 WIB: Among 79 priced Energy-sector US stocks tradable on Pluang, 50 rose and 29 fell today. Notable movers include Denison Mines Corp Ordinary Shares (DNN) at USD 2.33 with a 1-day change of +2.64% and 100% sell order activity, National Energy Services Reunited Corp Ordinary Shares (NESR) at USD 21.64 with a 1-day change of +2.61% and a near-even buy/sell split, and Venture Global Inc. Class A common stock (VG) at USD 12.93 with a 1-day change of +2.54%.

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