Trump says Houthis are trying to drive up oil prices before US elections
United States President Donald Trump has accused Yemen's Houthi movement of stepping up attacks on infrastructure in Saudi Arabia in an effort to push up oil prices ahead of the US midterm elections. In a post on Truth Social on Tuesday, he said the group had been behaving "very badly" and suggested the attacks were timed to affect energy costs before voters go to the polls in November. He also said the Houthis had been silent for a long time before emerging again.Trump said the group was acting "probably at the behest of Iran" and described Iran as a failing... [Continue Reading]
360LiveNews | 13 Oct 2026 21:32 LONDON
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Europe closes mixed as FTSE 100 outperforms on oil surge, while Euro Stoxx 50 and CAC 40 lag
Executive summary: European markets ended the session mixed, with the FTSE 100 rising +1.4% as energy-linked strength helped offset broader caution. The Euro Stoxx 50 fell -1.2% and the CAC 40 slipped -0.5%, while the DAX was little changed. Brent crude jumped +6.7%, gold and silver also firmed, and the dollar strengthened against the euro, shaping a session defined by commodity inflation, FX pressure and a split between London and continental Europe. [Continue Reading]
360LiveNews Markets Intelligence | 12 Oct 2026 16:45 LONDON
Wall Street Opens Mixed as Energy Surges, Chips Sink on Oil Shock and Rate Anxiety
Executive summary: U.S. markets opened with a split tape, as energy, banks and precious metals advanced while AI and chip stocks sold off sharply. The move came alongside a jump in WTI crude to $93.73, a rise in gold and silver, and a weaker tone in small caps and tech, suggesting investors are rotating toward inflation hedges and away from rate-sensitive growth names. [Continue Reading]
360LiveNews Markets Intelligence | 12 Oct 2026 14:45 LONDON
Oil and stocks swing on renewed Iran war fears and Middle East supply concerns
Oil prices moved sharply on Wednesday as traders reacted to renewed fears of disruption to Middle East supply routes. Prices rose after reports that Iran appeared to be stepping up attacks on tankers in the Strait of Hormuz, then fell later in the session after officials signalled that more reserves could be released if needed. The swings also fed through to US financial markets, where stocks weakened and government bond yields climbed to their highest levels in more than two decades.The immediate trigger was a warning cited in the supplied material that tanker attacks in the Strait of Hormuz may... [Continue Reading]
360LiveNews | 08 Oct 2026 02:30 LONDON
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