Markets · Commodity markets, October 22
Oil prices rise as Iran says four vessels were hit in the Persian Gulf
Thursday, October 22, 2026. From GEO's evening brief, after the close.
Oil prices rose because Iran's Revolutionary Guard navy said four vessels in the northern Persian Gulf were hit and caught fire, according to Hellenic Shipping News. Brent rose 4.00% and WTI gained 2.39%. ULSD led refined products, up 3.54%. Precious metals fell despite lower yields, with silver down 4.68% and gold down 2.16% as Hormuz tensions intensified, per Kitco, while cocoa dropped 4.04%.
What moved
Change from the prior settle, at the time of the evening brief.
| Crude | |
|---|---|
| WTI | +2.39% |
| Brent | +4.00% |
| Refined | |
| RBOB | +1.79% |
| ULSD | +3.54% |
| Nat Gas | |
| Henry Hub | +0.22% |
| Metals | |
| Gold | −2.16% |
| Silver | −4.68% |
| Copper | −2.76% |
| Platinum | −3.61% |
| Palladium | −3.06% |
| Agriculture | |
| Corn | −0.59% |
| Soybeans | +0.62% |
| Wheat | −0.56% |
| Cotton | −1.34% |
| Sugar | −1.56% |
| Coffee | −1.50% |
| Cocoa | −4.04% |
| Livestock | |
| Lean Hogs | −0.27% |
| Live Cattle | +0.00% |
| US dollar index | |
| Dollar index (DXY) | −0.15% |
Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.