India, Oct. 23 -- US-Israel-Iran War Latest live News: Global oil prices have climbed sharply amid renewed fears of an escalation in the US-Israel-Iran war, raising fresh concerns about energy security, inflation and the wider global economy. Brent crude reportedly surged to $117.30 per barrel during Friday trading, while US benchmark West Texas Intermediate (WTI) touched $103 per barrel, its highest level in five weeks.

The price movements came as uncertainty over a possible resumption of hostilities intensified while attacks involving Yemen's Houthi movement and developments across the Middle East have added to concerns about disruptions to oil supplies and critical shipping routes.

The latest rally highlights how quickly geopolitical...