Oil price rises above $115 a barrel amid fears US will renew strikes on Iran
- Oil has hit its highest level in more than five months as fears of fresh escalation in the Middle East conflict grip the energy markets.
- Brent crude, the international benchmark for oil, rose by 1% on Friday morning to above $115 a barrel – its highest level since May.
- The increase came after Tehran said it would attack oil facilities, undersea cables, datacentres and AI facilities in the Gulf region if a new US-Israeli offensive was launched against Iran.
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- Oil has hit its highest level in more than five months as fears of fresh escalation in the Middle East conflict grip the energy markets.
- Brent crude, the international benchmark for oil, rose by 1% on Friday morning to above $115 a barrel – its highest level since May.
- The increase came after Tehran said it would attack oil facilities, undersea cables, datacentres and AI facilities in the Gulf region if a new US-Israeli offensive was launched against Iran.
Sources: Guardian