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Oil markets are on edge ahead of the weekend, as midterm elections near and fresh U.S. strikes on Iran are predicted

Marcus Chen
Managing Editor · Friday, October 23, 2026 at 6:30 PM · 1 min read
Oil markets are on edge ahead of the weekend, as midterm elections near and fresh U.S. strikes on Iran are predicted — MarketWatch, Munich Business news
Image: MarketWatch

Oil has climbed back to an Iran-war high and may soon go higher, if the U.S. and Israel strike Iran after their respective voters go to the polls in the coming days.

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