Brent crude tops $117 a barrel on Iran escalation fears
Briefing by News4U · First published
Brent crude rose above $117 a barrel after Iran threatened Gulf energy facilities and the US ordered diplomats out of Saudi Arabia.
Brent crude rose about 3.5% to pass $117 a barrel on Friday, its highest level since April, before easing to just over $116, up 2.7%. [1] [2]
Iran said it would attack oil facilities, undersea cables, datacentres and AI facilities in the Gulf if the US and Israel launch a new offensive, and its Revolutionary Guards claimed to have struck four commercial ships in the Strait of Hormuz. [1]
The US State Department ordered some diplomats and families of government employees to leave Saudi Arabia amid intensified Houthi attacks. [1]
Sources
- Oil price rises above $117 a barrel amid fears US will renew strikes on Iran
The Guardian Business · · Full text
- Global Oil Price Hits $116 a Barrel, Highest Since April
NY Times · · Summary only