Oil Climbs Back as Fears of New U.S. Strikes on Iran Return

U.S. crude oil rose 0.8% in early Asian trading on Oct. 30, 2026, undoing Thursday's drop. Thursday's drop came on hopes for peace talks between the U.S. and Iran. Now fears of new U.S. strikes on Iran have returned. Two news stories pointing opposite ways can move prices within hours, so one day says little about the trend.