XLE & Oil

Oil Prices Drop Despite Threat of New U.S. Strikes on Iran

OilPrice.com·Oct 27, 2026 · 1:15 AM CT
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Readthrough summary

Crude prices fell as Saudi, Turkish and Pakistani officials traveled to Tehran to discuss ending Middle East hostilities, with Brent near $114.85 and WTI around $100.87, down from above $117 and $103 late last week. Continued Houthi attacks on Saudi energy sites and Iranian strikes on tankers in the Strait of Hormuz are still supporting prices.

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