Oil Markets Brace for a New Iran Escalation After U.S. Midterms

Brent holds near $115 as Iran war tensions and escalating Saudi-Houthi hostilities keep oil markets on edge ahead of U.S. midterms. Hormuz Becomes Even More Dangerous , and More Expensive - October has seen the most acute escalation in maritime attacks since the US-Iran war started eight months ago, with already more than 30 incidents recorded in the Strait of Hormuz and surrounding waterways, up from 14 in September. - The most recent addition to the list of maritime targets is a crude tanker in Iraq’s exclusive economic…