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Oil prices jump to five-month high as attacks threaten global supply

Trade Hub UK briefing (2026-10-22): Shipping workers: how is the Middle East conflict affecting you? Oil prices jumped to a five-month high on Thursday after ​attacks in Saudi Arabia and hits to… Primary source: original at Guardian Markets (theguardian.com).

By Guardian Markets

Oil prices jump to five-month high as attacks threaten global supply

Oil prices jumped to a five-month high on Thursday after ​attacks in Saudi Arabia and hits to tankers in the strait of Hormuz threatened further disruptions to the world’s crude supply.

Brent crude, the international benchmark for oil prices, rose by 3% to hit $112 a barrel for first time since 18 May.

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Source: Guardian Markets