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International Business Times

Business

Tensions in the Middle East Keep Climbing. Brent Crude is Near a Five-Month High.

Oil Middle East Donald Trump Mike Waltz United States Iran Kpler

Brent crude is getting close to hitting $115 a barrel on Friday as geopolitical tensions continue to mount. (Credit: Getty Images)

Oil prices keep climbing on Friday as geopolitical tensions in the Middle East escalate further.

Brent crude, the international benchmark, gained more than 1.5% at 8:50 a.m. ET and clocked in at $114.89, hovering around a five-month high. West Texas Intermediate, the U.S. benchmark, climbed 1.77% and stood at $101.23 at the same time.

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