1648 GMT - Brent crude's rise above $100 could prompt leaders to seek de-escalation, Lombard Odier's Nannette Hechler-Fayd'herbe says. Rational actors in the U.S. and Iran will push both sides toward the negotiating table, with U.S. Republicans wary of midterm elections, and Tehran eager to ease economic sanctions, the investment strategist says. "Everyone has their own perennity in sight." Lombard Odier continues to expect the Federal Reserve to avoid a rate hike this year, and the latest escalation in the Gulf hasn't changed the investment group's oil outlook. Brent crude oil trades 6.6% higher at $100.26 a barrel, while WTI rises 5.9% to $91.91 a barrel. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 12:48 ET (16:48 GMT)
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