Brent Oil Price Surges Past $113 Amid Middle East Tensions
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The price of Brent crude oil reached $113 per barrel

At the opening of the session, oil was trading around $110 per barrel. As of 5:55 Moscow time, the cost of May futures for Brent increased by 4.5% to $112.26 per barrel. In general, oil rose in price by about 11% during the week, and for the month the growth exceeded 50%.
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BRENT

On the eve of the quotations exceeded the mark of $110 per barrel for the first time since March 9, 2025. Then the price rose by almost 5% during the day and reached $109.8. The reason for the growth was the strikes on Iran’s oil and gas infrastructure – it was the first attack by the U.S. and Israel on energy facilities since the beginning of the escalation of the conflict in the Middle East.

Additional pressure on the market came from reports of an Iranian strike on the Ras Laffan industrial center in Qatar, where large liquefied natural gas production facilities are located. State-owned energy company QatarEnergy said the facility suffered significant damage. Investors fear disruptions in energy supplies from the region, which is keeping prices rising.



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