Global oil prices hit highest level in 5 months amid attacks on ships, facilities
- Global oil prices have climbed more than 55% since the outbreak of the Iran war.
- October 20, 2026, 9:51 AMGlobal oil prices climbed to their highest level in five months on Tuesday after Iran and its Houthi allies claimed attacks on oil infrastructure in the Middle East.
- The Brent crude futures price, a benchmark for global trading, topped $111 a barrel for the first time since May before retreating to $110.30 a barrel.
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- Global oil prices have climbed more than 55% since the outbreak of the Iran war.
- October 20, 2026, 9:51 AMGlobal oil prices climbed to their highest level in five months on Tuesday after Iran and its Houthi allies claimed attacks on oil infrastructure in the Middle East.
- The Brent crude futures price, a benchmark for global trading, topped $111 a barrel for the first time since May before retreating to $110.30 a barrel.
Sources: Abcnews