Oil Nears Wartime Highs as Iran-Israel Strike Risk Resurfaces

Name: Oil Nears Wartime Highs as Iran-Israel Strike Risk Resurfaces
Uploaded: 2026-10-24T13:04:58.873736+00:00
Description: Brent crude briefly surged above $117 a barrel on Oct. 23, 2026, as Bloomberg Economics economist Ziad Daoud warned that renewed US-Israeli-Iran fighting risk is rising. Shipping costs through the Strait of Hormuz have surged even as tanker flows show signs of recovery.

Brent crude briefly surged above $117 a barrel on Oct. 23, 2026, as Bloomberg Economics economist Ziad Daoud warned that renewed US-Israeli-Iran fighting risk is rising. Shipping costs through the Strait of Hormuz have surged even as tanker flows show signs of recovery.

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