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Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries

October 16, 2026 CNBC 1 min read
CNBC · Center
Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries

U.S. crude oil prices rose sharply Friday as Iran escalated attacks in the Strait of Hormuz this week.

Source: CNBC

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