Overview
- Brent crude rose sharply, topping $115 a barrel, and U.S. WTI briefly exceeded $100 after reports of new attacks across the Gulf.
- QatarEnergy reported significant damage at the Ras Laffan complex in Qatar following Iranian rocket strikes on the LNG hub.
- Saudi Arabia’s defense ministry said a drone fell on Aramco’s SAMREF refinery in Yanbu and a ballistic missile was intercepted, while sources told Reuters the port stopped crude loading.
- Iran issued evacuation warnings for energy sites in Saudi Arabia, the UAE and Qatar after strikes on its South Pars infrastructure, and President Donald Trump said Israel carried out the South Pars attack.
- A day earlier, Iraq and Kurdish authorities agreed to resume oil flows via Turkey’s Ceyhan at 07:00 GMT, briefly easing prices, but broader disruptions and curtailed Russian shipments from Novorossiysk limited relief.