# Oil price rises above $115 a barrel amid fears US will renew strikes on Iran

- Source: Guardian Business
- Published: 2026-10-23T13:27:04+00:00
- Category: Business
- Original: https://www.theguardian.com/business/2026/oct/23/oil-five-month-high-fears-us-renews-strikes-iran
- Canonical: https://groundlevelnews.com/story/oil-price-rises-above-115-a-barrel-amid-fears-us-will-renew-strikes-on-d139ed/

Brent crude increase follows Tehran threatening retaliatory attacks on Gulf refineries and datacentres Business live – latest updates 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 M

_Ground Level News shows a short summary only; the full article and all rights belong to Guardian Business._