Surge of Brent toward $110 – 12% weekly jump due to US-Iran conflict

International oil prices have surged to a three-month high due to the intensifying military conflict between the United States and Iran. Brent crude is trading above $108 per barrel, tracking toward $110, marking a weekly gain of over 12%. The escalation, involving attacks on tankers and missile strikes in the Persian Gulf, has raised significant concerns regarding global energy supply stability.