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Brent Crude Surpasses $108 Following Strikes on Iranian Oil Infrastructure

Oil prices surged over 15% on Monday, reaching their highest level since July 2022, driven by strikes on Iran and escalating disruptions in the Strait of Hormuz.

Brent Crude Surpasses $108 Following Strikes on Iranian Oil Infrastructure

CountriesIrak, Iran, Koweït, Arabie Saoudite, États-Unis
CompaniesKuwait Petroleum Corporation
ThemePolitique & Géopolitique, Conflit Armé

Oil prices reached their highest level since July 2022 on Monday, driven by military escalation in Iran and production cuts across several Gulf countries. Brent, the global benchmark, advanced $15.51, or 16.7%, to reach $108.20 per barrel. Light crude American West Texas Intermediate (WTI) jumped $14.23, or 15.7%, to $105.13 per barrel.

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