International

Brent Crude Hits $106.60 Following Saudi Aramco Attack and Strait of Hormuz Strikes

Hindustan Times1h
THE BRIEF
1

Brent crude futures rose 0.9 percent to $106.60 per barrel on Wednesday after attacks on Saudi Aramco's headquarters and ships near the Strait of Hormuz raised supply disruption fears.

2

US crude benchmark West Texas Intermediate climbed 1.8 percent to $95.79 per barrel, reaching its highest level in over two weeks amid ongoing regional military fighting.

3

Market analysts expect Russian diesel export increases to help limit sharp price movements, though the International Energy Agency warned that refinery capacity constraints may persist.