Brent Crude Rise Fuels Supply Disruption Concerns

Brent crude oil prices surged today, Thursday, surpassing $108 per barrel. The benchmark crude climbed by approximately 7%, reaching its highest point since mid-May. This ascent stems from persistent shipping disruptions across the Middle East, notably in the Red Sea and the Gulf. These events align with increased attacks targeting oil tankers and energy infrastructure, fueling fears of wider global supply interruptions.