Escalation in the Persian Gulf: Brent Trades Above $110 per Barrel

A sharp spike in prices occurred after reports of attacks on oil and strategic facilities in Iran, raising concerns about the stability of global energy supplies. In response to the growing threat, countries in the Persian Gulf have begun implementing emergency security measures. In particular, according to sources, Saudi Aramco has started evacuating employees from the SAMREF oil refinery. The decision to evacuate personnel was made after receiving warnings from official Tehran. Market participants are closely monitoring the conflict's developments, fearing further disruptions in the extraction and transportation of raw materials in this key region.