Weather Data Source: 30 days weather Baghdad
Baghdad
urgent

Oil approaches 118 dollars per barrel.. Fears of the return of US strikes on Iran ignite the markets.

#
Witer 1    -      44 Number of views
30/10/2026 | 09:46 AM

Global oil prices rose today, Friday, amid indications that the United States may resume its military strikes against Iran, raising concerns about new disruptions in the region that could affect global energy supplies.
Brent crude approached the level of $118 per barrel, reaching its highest levels since April, while West Texas Intermediate crude was traded near $105 per barrel.
This increase comes amid escalating geopolitical tensions and fears of an impact on oil flows, which is adding pressure to global markets, as investors await military developments and their potential implications for energy markets.