Sharp 3% Spike In Oil Prices As Gulf Energy Facilities Suffers Damage In Fresh Iran War Escalation; Crude Trades Over $112/Barrel

Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on its South Pars gas field, a major escalation in Tehran’s war with the U.S. and Israel.Brent futures were up $3.69, or 3.44%, to $111.07 by 0142 GMT

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