Brent Crude Hits $117.45 Intraday, First Since April, as U.S.-Iran Tensions Escalate
Brent crude hit $117.45 intraday, first since April, closing at $116.72 with over 10% monthly gain as U.S.-Iran tensions escalate. Trump hinted at military strike while U.S. and Israeli plans after midterms. Iran claimed supertankers struck mines in Strait of Hormuz, unverified. Reuters reported Iran plans to target undersea cables. S&P 500 fell 0.5%. Analysts warn oil could reach $150.