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EU News Forge > Blog > Business > Oil prices jump to five-month high as attacks threaten global supply
Business

Oil prices jump to five-month high as attacks threaten global supply

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Last updated: October 22, 2026 1:28 pm
admin
4 hours ago
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Iran’s IRGC says it hit four vessels in the northern Gulf and three more struck mines near the strait of Hormuz

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Oil prices jumped to a five-month high on Thursday after ​attacks in Saudi Arabia and hits to tankers in the strait of Hormuz threatened further disruptions to the world’s crude supply.

Brent crude, the international benchmark for oil prices, rose by 3% to hit $112 a barrel for first time since 18 May.

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Source: Guardian Business

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TAGGED:BusinessCommoditiesHouthisMiddle East and north AfricaOil
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