U.S. crude oil tops $100 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries

Europe Climate Sat, 17 Oct 2026 12:50:32 GMT Moderate confidence — 64/100

watch nowCrude oil prices rose sharply Friday as Iran escalated its attacks in the Strait of Hormuz and Ukraine vowed to keep striking Russian refineries.
West Texas Intermediate futures rose 2.9% to $100.78 per barrel.

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watch nowCrude oil prices rose sharply Friday as Iran escalated its attacks in the Strait of Hormuz and Ukraine vowed to keep striking Russian refineries.
West Texas Intermediate futures rose 2.9% to $100.78 per barrel.

Sources: Cnbc