Brent crude oil price rose by 6.24 percent on Thursday to $114.08 per barrel — first time since May 2022.
US West Texas Intermediate crude rose by 0.97 percent to $96.33 a barrel.
The development followed attacks on energy facilities in the Middle East by Israel and Iran.
Iran launched missile attacks on energy facilities in Qatar and Saudi Arabia in retaliation of Israel’s strike on the country’s South Pars gas field, marking a significant escalation in the conflict involving the United States.
