Oil prices rise amid fears of renewed Iran hostilities
By The BriefBrief
Oil prices closed the week solidly higher, with the market concerned about the possibility of renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure. The Financial Times Markets reported that oil hit $117, its highest level since April, and that rising energy prices pushed U.S. inflation expectations higher.
WHO:Oil markets
WHAT:Oil prices rose, with the Financial Times Markets reporting that they reached $117.
WHEN:Reported Oct 23, 2026 at 3:54 PM ET
WHERE:Location not specified
WHY:Fears of renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure put the market on edge.
How this story developed (showing 11 of 11 earlier reports)
