Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries

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Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries

AI Summary

Brent crude reached $110 as Iranian attacks in the Strait of Hormuz intensified, while Ukraine vowed strikes against Russian refineries. The developments are heightening concerns over oil supply and regional security.

U.S. crude oil prices rose sharply Friday as Iran escalated attacks in the Strait of Hormuz this week.

World Security Conflict Markets Commodities Energy Shipping Brent crude Iran Strait of Hormuz Ukraine Russian refineries oil supply

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