Oil hits 1-month high as Iran tanker strike raises Hormuz risk before midterms
AI summary
WTI crude touched $106.2 per barrel on Friday, its highest intraday level since mid-September, after Iran claimed mines struck four tankers a day after US forces called Hormuz lanes clear. WTI later eased to $104.1 and Brent traded near $111.9, up 9.4% from a month earlier. A supply shock in the Strait of Hormuz raises energy costs and risk-off pressure, a headwind for crypto prices into next week's midterms.
