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Oil hits five-month high amid fears US will renew strikes on Iran

Published October 23, 2026 7:35 am • Updated October 23, 2026 7:35 am •
Oil hits five-month high amid fears US will renew strikes on Iran
Photo via The Guardian World

Brent crude rises to $114.72 a barrel after Tehran threatens retaliatory attacks on Gulf oil and tech facilitiesBusiness live – latest updatesOil has hit its highest level in more than five months as fears of fresh escalation in the Middle East conflict grip the energy markets.Brent crude, the international benchmark for oil, rose by 1% on Friday morning to $114.72 a barrel – its highest…

Brent crude rises to $114.72 a barrel after Tehran threatens retaliatory attacks on Gulf oil and tech facilitiesBusiness live – latest updatesOil has hit its highest level in more than five months as fears of fresh escalation in the Middle East conflict grip the energy markets.Brent crude, the international benchmark for oil, rose by 1% on Friday morning to $114.72 a barrel – its highest…

Source: The Guardian World — Original report ↗

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Original source: The Guardian World ↗