Oil Prices Surge Past $112 After Iran Hits Gulf Energy Sites as $200 Calls Grow
Oil prices shot higher Thursday, with Brent spiking to $112.86 a barrel at one point after Iran struck energy targets in Qatar, Saudi Arabia, and the United Arab Emirates. The attack, which came in response to a hit on Iran’s South Pars gas field, also sent U.S. West Texas Intermediate up to $97.28. Phillip Nova analyst Priyanka Sachdeva called out the risk of a “prolonged disruption in oil supplies.”
