Brent Crude Surpasses $97 After Tanker Attacks Near Saudi Arabia

Brent crude futures rose 3.9% to $97.76 per barrel on Thursday, reaching their highest level since June 3. This increase follows reports of tanker attacks off Saudi Arabia, reportedly struck by Iranian cruise missiles. U.S. West Texas Intermediate crude also saw a gain of around 3%, reaching $89.50 per barrel. The situation heightens market concerns over geopolitical tensions in the region, which can impact oil supply and prices. Investors should monitor these developments as they may affect oil prices directly.