The surge in energy costs has pushed U.S. inflation expectations higher. Iran's Islamic Revolutionary Guard Corps is monitoring the price movement as the U.S. maintains sanctions on the nation.
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Brent Crude Hits $117 Per Barrel for First Time Since April
Commodities4 days ago
The benchmark oil grade rose $3.55 on Oct. 23 to settle at $116.72 per barrel, marking a 3.14% daily increase. During the session, Brent crude touched $117, a price level not reached since April, as traders reacted to risks of escalating hostilities in Iran.
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