Oil hits five-month high amid fears US will renew strikes on Iran
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…
The Guardian reports: 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.
This world story centres on Iran. Names and organisations mentioned in the coverage include Tehran, Gulf and Business.
Why it matters
Events like this can shape regional stability, diplomacy and humanitarian conditions beyond the country where they unfold.
Key details
- Location
- Iran · Middle East
- Reported by
- The Guardian
- First reported
- Key names
- Tehran, Gulf, Business, Oil
- Section
- World
Sources
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