October 23, 2026
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Oil hits five-month high amid fears US will renew strikes on Iran

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Brent crude rises to $114.72 a barrel after Tehran threatens retaliatory attacks on Gulf oil and tech facilities

Oil 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 level since May.

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The post Oil hits five-month high amid fears US will renew strikes on Iran appeared first on World news | The Guardian.

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