Brent crude tops $114, highest since April on Middle East tensions

noticiasaominuto.com (Portuguese) —

Brent crude oil futures for December delivery rose 0.7% to surpass $114 per barrel, reaching its highest level since late April, driven by heightened tensions in the Middle East. The benchmark was trading at $114.1 on London's futures market at 05:00 GMT, after peaking at $114.7 overnight. This follows a 4% gain on Thursday, triggered by Iran's Revolutionary Guard attacking four ships it accused of illegal oil transfers in the Persian Gulf. US President Donald Trump accused Iran of spreading false information about attacks in the Strait of Hormuz to raise fuel prices, while Saudi Arabia intercepted a ballistic missile fired at Riyadh by Yemen's Houthi rebels. The US and Israel are reportedly considering a new offensive against Iran after the November 3 US midterm elections.


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