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Global oil markets reacted sharply to an aerial attack on Iran's largest gas field and an oil facility in Asaluyeh، with Brent crude prices soaring to $110 per barrel. This escalation in the region has sent shockwaves through the energy sector.

The price of US benchmark WTI crude also saw a notable increase، reaching $98 per barrel. This surge occurred despite recent positive developments in the oil market.

Market Resilience Tested

Saudi Arabia had announced on March 13th the restoration of operations at its largest oil refinery، signaling a return to full capacity. Additionally، the US administration officially suspended the Jones Act's requirements for 60 days، easing restrictions on cargo transport between US ports.

However، these factors were insufficient to temper the rising prices as geopolitical tensions intensified and attacks on critical oil infrastructure became more frequent. Earlier، Iran had issued warnings of potential aerial attacks targeting oil facilities in Persian Gulf nations.