Oct 18, 2026, 10:06 AM

Oil prices surge toward $110 a barrel

Oil prices surge toward $110 a barrel

TEHRAN, Oct. 18 (MNA) – Oil prices surged Friday, with Brent crude approaching $110 a barrel.

Oil prices surged Friday, with Brent crude approaching $110 a barrel as the US war on Iran fueled concerns about global supplies, according to Reuters.

Brent crude settled at $109.86 a barrel, up 3.7%, while U.S. West Texas Intermediate crude finished at $101.41, a gain of 3.5%, Reuters reported.

The developments have added pressure to global energy markets as the Trump administration weighs the economic consequences of additional sanctions on Russia.

MNA 

News ID 248671

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