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Energy Markets

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Oil Tops $117 for First Time Since April on Escalating Middle East Tensions

Global benchmark oil prices crossed $117 per barrel for the first time since April amid growing geopolitical risks in the Middle East. The sudden energy price…

Oct 23, 2026 · 10:31 PM3 min readvia Financial Times Markets

Industrial oil refinery pipes and storage tanks against an overcast sky

business

Oil Price Rises Above $117 a Barrel Amid Fears US Will Renew Strikes on Iran

Oil prices jumped by roughly 3.5 percent on Friday to pass $117 a barrel, marking their highest level since April. The sharp increase follows rising concerns…

Oct 23, 2026 · 6:57 PM2 min readvia The Guardian Business

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