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🌍 Dec Brent settles at 108.79, short of the 110 test, as πŸ‡ΊπŸ‡Έ Trump weighs the 'nice way or not-nice way' on Iran

October 20, 2026 · 2 min read · Pardip Bansal

🌍 Dec Brent settles at 108.79, short of the 110 test, as πŸ‡ΊπŸ‡Έ Trump weighs the 'nice way or not-nice way' on Iran

  • ICE Brent December futures settled 76 cents lower at $108.79 a barrel (-0.69%) against Monday's 109.55 settle, and WTI December settled 72 cents lower at $97.82, per newswires (about / 18:50 GMT)
  • President Trump says the US is deciding whether to win against Iran the nice way or the not-nice way (about / 18:48 GMT), and Rubio says Iran's actions against commercial ships are unlike anything seen since the Second World War, per newswires

FO view: The harder US tone keeps a premium under oil, but the barrel has not confirmed it yet.

Not investment advice.

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