Global Oil Price Hits $116 a Barrel, Highest Since April
Investors have grown increasingly concerned that the war in Iran could escalate again, putting energy supplies at greater risk.
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Investors have grown increasingly concerned that the war in Iran could escalate again, putting energy supplies at greater risk.
<p>Brent crude increase follows Tehran threatening retaliatory attacks on Gulf refineries and datacentres</p><p>Oil has hit its highest level in more than six months as fears of fresh escalation in the Middle East conflict grip the energy markets.</p><p>Brent crude, the international benchmark for oil, rose by about 3.5% on Friday to pass $117 a barrel at on
The defence secretary says the UK is "back in the business of making weapons" for its armed forces.
"Basically, your sales curve becomes like a roller coaster."
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