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

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

# Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries U.S. crude oil prices rose sharply Friday as Iran escalated attacks in the Strait of Hormuz this week. **Read the full article:** [CNBC](https://www.cnbc.com/2026/10/16/oil-price-today-iran-strait-hormuz-ukraine-russia.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*