From TokenPost · · 50s
Brent Crude Hits $110 as Iran and Ukraine Threaten Oil Flows
Brent crude reaches $110 per barrel as Iran escalates attacks near Strait of Hormuz and Ukraine threatens renewed strikes on Russian refineries.
In brief
Brent crude reaches $110 per barrel as Iran escalates attacks near Strait of Hormuz and Ukraine threatens renewed strikes on Russian refineries. Brent crude touched $110 a barrel Friday after Iran escalated attacks near the Strait of Hormuz and Ukraine threatened renewed strikes on Russian refineries. Originally…
Brent Crude Price
Brent crude touched $110 a barrel Friday for the first time since May as Iran escalated attacks near the Strait of Hormuz and Ukraine threatened renewed strikes on Russian refineries.
Oil Market Impact
Brent futures settled at $109.86, up 3.7%. U.S. West Texas Intermediate (WTI) crude finished at $101.41, up 3.5%.
Attack Statistics
At least nine tankers and cargo ships have come under attack near Hormuz since Sunday. Shipments through the strait averaged 9.4 million barrels per day.
The short version
Brent crude touched $110 a barrel Friday after Iran escalated attacks near the Strait of Hormuz and Ukraine threatened renewed strikes on Russian refineries.
