Brent crude oil prices surged by 5% following airstrikes on energy infrastructure in Iran and Qatar, raising concerns over potential sustained disruptions to crude oil supply.
Brent crude oil prices saw a significant increase of 5% in early Asian trading on Thursday, reaching $112.77 per barrel, the highest level since March 9. This spike was fueled by reports of airstrikes targeting energy infrastructure in Iran and Qatar, which have heightened fears regarding potential long-term disruptions to oil supply. The surge in prices reflects the market's sensitivity to geopolitical tensions in key oil-producing regions.
