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Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries

Brent crude futures rose 3.7% to close at $109.86 per barrel after hitting a session high of $110 on Friday amid escalating Iranian attacks in the Strait of Hormuz. U.S. West Texas Intermediate gained 3.5% to settle at $101.41. In the strait, Iran has attacked at least nine tankers and cargo ships s