BIZThe GuardianFRI 23 OCT 2026 / 8:27 AM CDT

Oil price rises above $115 a barrel amid fears US will renew strikes on Iran

Brent crude increase follows Tehran threatening retaliatory attacks on Gulf refineries and datacentres Business Oil has hit its highest level in more than five months as fears of fresh escalation in the Middle East conflict grip the energy markets. Brent crude, the international benchmark for oil, rose by 1% on Friday morning to above $115 a barrel – its highest level since May.

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American Express is cutting 5% of its workforce to 'prepare for AI'

Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.

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Restaurant earnings will test whether owning more brands pays off

Shares of companies with multiple restaurant brands like Brinker and Darden are outperforming single-chain stocks like McDonald's and Chipotle.

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Fewer people are flying as airfare soars. Here's why airlines aren't worried

Airlines are reporting fewer people flew in the third quarter as airfare surged on fuel costs, but executives say travelers are mostly swallowing higher fares.

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Earnings limit of up to £140K for first-time buyers loan scheme

The Your First Home scheme will offer government-backed loans for those buying new-builds in England.

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Oil price rises above $115 a barrel amid fears US will renew strikes on Iran

More on this deskAll BIZ

American Express is cutting 5% of its workforce to 'prepare for AI'

Restaurant earnings will test whether owning more brands pays off

Fewer people are flying as airfare soars. Here's why airlines aren't worried

Earnings limit of up to £140K for first-time buyers loan scheme