Brent Crude Nears $110 Amid Tanker Attacks in Middle East and Ukraine Strikes

Brent crude prices are hovering near $109 to $110 a barrel amid escalating conflicts in the Middle East and Eastern Europe, as reported by CNBC and The Edge Malaysia. The market surge follows disruptions and direct hits on energy infrastructure and key maritime corridors.

According to the reports, the price jump comes as Ukraine resumed strikes on Russian energy facilities, including a massive wave of drone attacks on Sunday that sparked fires at an oil terminal and fuel depot in Saint Petersburg. At the same time, a series of attacks on tankers in the Middle East has intensified concerns over disruptions to global oil supplies.