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Oil price surges to $110 a barrel for the first time since May on a fresh Middle East escalation

Oil price surges to $110 a barrel for the first time since May on a fresh Middle East escalation

Brent crude, the international benchmark, struck exactly $110 during Friday trading. Markets are being battered by twin shocks from the US-Iran war and the Russia-Ukraine war.

The last time Brent reached that level was 20 May, five months ago.

MoreFinancial TimesOil hits five-month high of $110 on new escalation in Middle EastThe HillOil reaches $110 per barrelThe HillOil hits $110 per barrel for first time since May
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