Oil hits five-month high amid fears US will renew strikes on Iran
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Brent crude climbed to $114.72 a barrel, its highest level in more than five months, amid fears of renewed US strikes on Iran and retaliation against Gulf oil and technology facilities. The escalating Middle East conflict is driving concerns about energy supply and market disruption.
Brent crude rises to $114.72 a barrel after Tehran threatens retaliatory attacks on Gulf oil and tech facilities Business live – latest updates 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. Continue reading...