Brent Climbs Above $105 on U.S.-Iran Escalation Fears

Oil prices extend gains, with front-month Brent crude futures rising back above $105 a barrel.

Leader Mojtaba Khamenei warns that Tehran might expand the Middle East war to the Indian Ocean if the U.S. or Israel attacks again. In midmorning European trading, the global oil benchmark gains 2.3% to $105.47 a barrel, while the U.S. oil gauge WTI is up 1.8% to $93.80 a barrel. (giulia.petroni@wsj.com)

corrected hyperlink