An attack on a Saudi oil field has caused a spike in global oil prices, with Brent crude reaching $110.2 per barrel.
Riyadh: (RightNow) A significant attack on a Saudi oil field has led to a rise in global oil prices. As a result of this attack, Brent crude oil prices have surged to $110.2 per barrel.
The price of US crude oil has reached $98.22 per barrel. The increase in oil prices raises concerns about uncertainty in the global energy market.
The war between Iran and Ukraine has exacerbated the diesel shortage. In response, the US government has taken emergency measures.
The US Department of Energy has offered to loan about one-third of the heating oil from the Trump administration’s emergency reserves. This move aims to alleviate the fuel shortage.
It is noteworthy that Saudi Arabia’s oil fields have been attacked before, leading to increased oil prices in the global market.















