Oil Jumps to Highest Level Since May as Attacks on Saudi Arabia and Regional Tensions Mount

Oil prices rose on Thursday as tensions in the Middle East escalated, with Brent crude topping $112 a barrel, its highest level since May. Reports linked the rise to new attacks on Saudi Arabia and reports that the United States and Israel are considering strikes on Iran, amid concerns over supply disruptions.

AI-written summary of 17 sources; every verified point is backed by a verbatim quote. How Iyan works

• Brent crude topped $112 as reports emerged that Washington and Tel Aviv are considering new strikes on Iran.

  «The Middle East conflict could flare up again as the U.S. reportedly plans to resume strikes against Iran.»

  CNBC
• The rise coincided with news that the United States is evacuating some of its diplomats and their family members from Saudi Arabia.

  «في ظل أنباء عن إجلاء الولايات المتحدة بعض دبلوماسييها وأفراد أسرهم من السعودية.»

  تسنیم • الجزيرة نت
• The Indian rupee snapped an eight-session winning streak as Brent climbed to its highest level since May.

  «The Indian rupee snapped an eight-session-long winning streak on Thursday as Brent oil prices climbed to their highest since May»

  Reuters on MSN

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