Brent crude tops $117 after Iran threatens Gulf oil and data targets
Brent crude rose about 3.5% on Friday to pass $117 a barrel, its highest since April, after Tehran threatened Gulf oil and data facilities.
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The Guardian reports Brent crude rose about 3.5% on Friday to pass $117 a barrel, its highest since April, then eased to just over $116, about 2.7% up. The move followed Tehran's threat to attack Gulf oil facilities, undersea cables and datacentres if a new US-Israeli offensive is launched against Iran.
Brent crude tops $117 after Iran threatens Gulf oil and data targets ↗Brent crude rose about 3.5% on Friday to pass $117 a barrel, its highest since April, after Tehran threatened Gulf oil and data facilities.
IEA analysts report Middle East Gulf-to-Asia crude freight above $37 a barrel by mid-October 2026, with Suezmax and Aframax tonne-mile demand up about 20% year-on-year.
IEA Governing Board says members will speed up around 100 million barrels of undelivered emergency oil, including over 20 million barrels of diesel.