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Business

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

CNBC · October 16, 2026 at 4:02 PM

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

Read the full article on CNBC ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cnbc.com — the content belongs to CNBC.

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