Oil Prices Hit Six-Month High on US-Iran Tensions in October
Brent crude oil prices surged 13.6% in October, reaching a six-month peak of $117.64 per barrel. The rise was driven by fears of new US military strikes on Iran and threats to shipping in the Strait of Hormuz, raising supply concerns. Analysts, including Goldman Sachs, warn of continued volatility and a potential increase to $120 per barrel.
ET Markets·



