Brent crude hits $110 a barrel for the first time since May as Middle East missiles target energy hubs

Saudi Arabia-led forces intercepted and destroyed missiles aimed at major energy hubs, triggering the biggest oil price surge in months. Brent crude hit $110 on the nose during Friday trading, a level not seen since May 20. The spike reflects persistent shocks from both the US-Iran and Russia-Ukraine wars battering global supply.

Brent crude is up sharply, reaching a 5-month high above $110 per barrel today.

The price spike comes as the industry absorbs simultaneous shocks from two active war fronts.

A successful missile interception over key Saudi energy infrastructure drove the sudden Friday surge.