Oil price surges to a five-month high above $115 a barrel amid fears the US will renew strikes on Iran
Brent crude peaked at $117.45 on Friday, up from about $72 in February before the Iran war began. Tehran has threatened to hit Gulf oil facilities, undersea cables and datacentres if a fresh US-Israeli offensive is launched. Saudi Aramco evacuated its Dhahran headquarters as Houthi clashes escalated. The Dow Jones fell 702 points while the FTSE 100 slipped.
President Donald Trump claims Iran is 'making up fake hits' to inflate prices before the midterms.
UN ambassador Mike Waltz warned the US could face stalemate with Iran a year from now.
Futures contracts suggest Brent will stay above $100 a barrel until April.
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Evening StandardFTSE 100 slips as oil price hits five-month highThe GuardianOil hits five-month high amid fears US will renew strikes on IranGB NewsOil prices hit five-month high as Middle East conflict fears intensifyNYTGlobal Oil Price Hits $117 a Barrel, Highest Since AprilThe HillOil prices hit highest point since MayNY PostOil prices hit five-month high and Dow falls 700 points over fears of Iran strikes, AI spendingHuffPostBrent Crude Hits More Than Five-Month High On Houthi-Saudi Attacks, UAE Oil SpillIrish IndependentOil tops $115 a barrel for first time since May as Middle East clashes intensifyIrish TimesGlobal crude oil prices surge to highest level since May amid Middle East attacksDaily MailOil hits five-month high of $115UPIOil prices reach six-month high as tensions with Iran escalateIrish IndependentOil tops $115 a barrel for first time since May as Middle East fears ramp up
