Brent Crude Surpasses $110 Amid Regional Tensions

Brent crude surged past $110 a barrel on Friday, marking its highest level since May, as geopolitical tensions in the Middle East and Ukraine continue to disrupt global oil markets. The rise follows a series of attacks on energy infrastructure, including two tanker incidents near Saudi Arabia's Jubail port, raising fears of further supply disruptions ahead of the Northern Hemisphere winter. Analysts note that the market is increasingly pricing in risk, with traders anticipating potential volatility as conflicts persist.