https://www.live-feeds.com/feed/oil-market-report-october-2026Continuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-market-report-october-2026https://www.live-feeds.com/feed/oil-market-report-october-2026#u131195Sun, 18 Oct 2026 08:36:25 +0000Global diesel shortages and high prices will persist well into 2027 following supply disruptions from the war in Iran, according to the International Energy Agency. Brent crude recently touched $110 a barrel for the first time since May amid escalating Middle East tensions, while the energy agency also lowered its world oil demand forecast for the year. Chevron's CEO warned that oil buffers that cushioned the initial shock have been drained. Meanwhile, refineries are eyeing record profits from the acute diesel shortage.Why it mattersThe ongoing war in Iran has severely disrupted petroleum