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Lead story Commodities Oil Prices Steady as Israeli Election Outcome Hangs in Balance Oil prices steadied on October 28, 2026, after two sessions of losses, as traders awaited the outcome of Israel’s election, which could shape the US war with Iran. Brent crude held above $114 a barrel, while WTI rose to $100.24. Exit polls showed a tight race between opposition leader Gadi Eisenkot and Prime Minister Benjamin Netanyahu, with no clear majority. The delay in forming a new coalition could allow Netanyahu to remain in office temporarily, potentially influencing US military action against Iran. Diplomatic efforts in the region continued, but Iran’s Supreme Leader reiterated existing conditions for ending the war. Sentiment 0 Clout 85 Speculation 4 Oil

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