# Oil hits five-month high as fears grow of renewed US strikes on Iran

https://mins.news/en/item/112640

- The Guardian, 2026-10-23 11:35 UTC
- Economy
- Original: https://www.theguardian.com/business/2026/oct/23/oil-five-month-high-fears-us-renews-strikes-iran

> Brent crude rose 1% to $114.72 a barrel on Friday morning, its highest level in more than five months. Iran threatened to hit Gulf oil facilities, undersea cables, datacentres and AI facilities if the US and Israel launched a new attack, while reports that Washington was considering renewed strikes on Iran after the midterm elections added to market concerns.

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