Brent Crude Tops $110 Following Deadly Drone Strikes in Saudi Arabia

Oil prices surged after a deadly drone strike on a Saudi oil facility and the departure of US diplomats from the kingdom.

The price of Brent crude oil has crossed the $110-per-barrel mark amid escalating conflict between Houthi rebels and Saudi Arabia, alongside orders for some US diplomats and their families to leave the kingdom, Bloomberg and The Jerusalem Post reported.

According to the reports, the price jump and diplomatic evacuation followed deadly attacks across Saudi territory, including a drone strike on an oil field that killed two people. The strike came alongside the assault on King Fahd International Airport in Dammam, where one person was killed and eight others were injured.

Further details regarding the extent of damage at the oil facility or the identities of those killed have not yet been released.