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Friday, October 23, 2026Updated 19:22 UTC

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Global Oil Price Hits $117 a Barrel, Highest Since April

Source: NYT Business · Oct 23, 2026 16:14 UTC

Oil refinery towers and pipes with a city skyline in the distance — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Investors have grown increasingly concerned that the war in Iran could escalate again, putting energy supplies at greater risk.

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