Brent Crude Surges to $112 as Iran Attacks Vessels in Persian Gulf; Saudi Aramco Evacuates Headquarters

Brent crude oil prices surged approximately 3% to $112 per barrel on Thursday following reports of Iran's Revolutionary Guard attacking four vessels in the Persian Gulf and three other ships hitting sea mines. In response to recent attacks by Iran-backed Houthi rebels, Saudi Arabia's state-owned Saudi Aramco instructed staff to evacuate its Dhahran headquarters and work remotely.