Brent crude prices surged by approximately 10% to around $80 per barrel following U.S. and Israeli strikes on Iran, which have heightened concerns over a potential escalation in the Middle East conflict. Analysts indicate that if key shipping routes are affected, prices could soar further, potentially approaching $100 per barrel. The surge in Brent prices is largely attributed to fears of supply disruptions in the region, as reported by energy traders in over-the-counter markets.
Brent crude surges 10% to $80 amid Iran strikes, eyes $100 target
