Business

Oil price rises above $115 a barrel amid fears US will renew strikes on Iran

The Guardian Business·Oct 23, 2026 · 8:27 AM CT
Read the original at The Guardian Business
Readthrough summary

Brent crude rose 1% on Friday to above $115 a barrel, its highest since May. The jump followed Tehran's threat to attack Gulf oil facilities, undersea cables and datacenters if a new US-Israeli offensive is launched, amid reports the US is weighing renewed strikes on Iran after the midterms.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at The Guardian Business.

Read the original at The Guardian Business

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