Brent hits $108 after Israeli-American strikes on Iranian oil facilities and Hormuz disruptions
Brent crude surged 16.7% to $108.20 on Monday after Israeli-American strikes on Iranian oil facilities and Hormuz Strait disruptions forced Iraq and Kuwait to slash output.
| Countries | Iran, Irak, États-Unis, Israël, Koweït |
|---|---|
| Companies | Kuwait Petroleum Corporation |
| Sector | Pétrole, Gaz, GNL |
| Theme | Politique & Géopolitique, Conflit Armé |
Brent crude jumped 16.7% on Monday, reaching $108.20 a barrel, the highest level since July 2022. West Texas Intermediate (WTI) rose 15.7% at the same time, to $105.13. These levels result from a military escalation involving the United States, Israel and Iran, which disrupted regional supply chains. Several Gulf producers reduced their output in response to the events.
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