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

23.10.2026 14:35 | 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 level since May. Continue reading...

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