India, Oct. 23 -- Oil prices surged to a five-month high on Friday amid concerns over further disruption to energy supplies following Houthi strikes on Saudi oil infrastructure and Red Sea ports.
It is feared that the Iran war may escalate and potentially continue for a longer time than anticipated after the U.S. midterm elections on November 3, 2026.
Brent crude futures were up nearly 1 percent at $114.27 a barrel, marking the highest since the four-year high of $114.44 a barrel reached on May 4.
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