Oil prices have reached a five-month high, driven by concerns over potential strikes on Iran. The price of Brent crude oil has surpassed $113 per barrel, the highest level since May, as global supply worries continue to escalate. The surge in oil prices comes amid heightened tensions between the US and Iran, with President Donald Trump hinting at possible military action against the country. The threat of strikes on Iranian oil facilities has sparked fears of a disruption to global oil supplies, leading to a significant increase in prices. The price of oil has risen by over 4% in recent days, with Brent crude reaching its highest level since May. The rise in oil prices is likely to have a ripple effect on the global economy, with many countries heavily reliant on oil imports. The situation remains uncertain, with the US and Iran engaged in a war of words over the country's nuclear program. The international community is watching the situation closely, with many countries calling for a peaceful resolution to the conflict.