Brent crude oil price surges 5% as conflict escalates, surpassing $113
Brent crude oil prices climbed 5% to exceed $113 per barrel following retaliatory infrastructure strikes between Israel and Iran, raising concerns over global energy security and the Strait of Hormuz.



![If there is an impediment to oil transport [in the strait], it is almost as if 20% of global reserves disappeared](/_next/image?url=https%3A%2F%2Fimg.iol.pt%2Fimage%2Fid%2F69b73b3ed34edcee7c61e93d%2F200.jpg&w=3840&q=75)




















