Oil prices jump sharply, to nearly $110 per barrel

Renewed attacks in the Strait of Hormuz and growing doubts about a U.S.-Russia diesel deal helped push crude prices to levels not seen in a month.

Oct 16, 2026 - 22:00
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Oil prices jump sharply, to nearly $110 per barrel
Renewed attacks in the Strait of Hormuz and growing doubts about a U.S.-Russia diesel deal helped push crude prices to levels not seen in a month.

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