Oil hits five-month high amid fears US will renew strikes on Iran
<p>Brent crude rises to $114.72 a barrel after Tehran threatens retaliatory attacks on Gulf oil and tech facilities</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/oct/23/global-stocks-fall-ai-fears-grow-british-retail-sales-fall-business-live-latest-news">Business live – latest updates</a></p></li></ul><p>Oil has hit its highest level