Oil prices surged past $117 a barrel as fears of renewed US strikes on Iran and potential retaliation against Gulf energy infrastructure drove up market volatility.
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Brent crude increase follows Tehran threatening retaliatory attacks on Gulf refineries and datacentresBusiness live – latest updatesOil has hit its highest level in more than six months as fears of fresh escalation in the Middle East conflict grip the energy markets.Brent crude, the international benchmark for oil, rose by about 3.5% on Friday to pass $117 a barrel at one point – its highest level since April. Continue reading...
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