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EconomyOil prices hit five-month high as attacks threaten global supply

Oil rose 3% to $112 a barrel on Thursday, its highest level in five months, after attacks in Saudi Arabia and incidents involving tankers near the Strait of Hormuz raised concerns about global crude supply. Iran’s Revolutionary Guard said it hit four vessels in the northern Gulf and that three others struck mines near the strait.

oil pricescrude supplyStrait of Hormuzattacks

TThe Guardian★★★★☆2026-10-22 11:28Original

Oil prices hit five-month high as attacks threaten global supply
Oil prices hit five-month high as attacks threaten global supplyEconomy