Oil prices climbed to their highest level in six months and reached $117 for the first time since April, as markets feared renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure. The rise in energy prices pushed U.S. inflation expectations higher.
WHO:Oil markets
WHAT:Oil prices rose to a six-month high, reaching $117 for the first time since April.
WHEN:Reported Oct 23, 2026 at 4:27 PM ET
WHERE:Location not specified
WHY:Fears of renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure lifted prices.
How this story developed (showing 10 of 10 earlier reports)
