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Oil price rises above $115 a barrel amid fears US will renew strikes on Iran
Brent crude increase follows Tehran threatening retaliatory attacks on Gulf refineries and datacentresBusiness 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 above $115 a barrel – its highest level since May.
Published Friday, 23 October 2026 at 13:27
Brent crude increase follows Tehran threatening retaliatory attacks on Gulf refineries and datacentresBusiness 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 above $115 a barrel – its highest level since May. Continue reading...
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