Business & Economy · 2 views
Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries
Crude oil prices rose sharply Friday as Iran escalated attacks in the Strait of Hormuz, Houthi militants fired missiles at Saudi Arabia and Ukraine vowed to keep striking Russian refineries.
Summary
Crude oil prices rose sharply Friday as Iran escalated attacks in the Strait of Hormuz, Houthi militants fired missiles at Saudi Arabia and Ukraine vowed to keep striking Russian refineries. Brent futures hit a session high of $110 per barrel for the first time since May before easing slightly to close at $109.86, a gain of 3.7%.
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