Brent futures surge on Middle East escalation
(Il Sole 24 Ore Radiocor) - Milano, 16 mar - Brent futures surged following US strikes on Iran's Kharg Island, a key export hub. Supply concerns were intensified by US president Donald Trump's warning that further energy infrastructure could be targeted if maritime transit through the Strait of Hormuz remains blocked.
Traders are currently monitoring reports of a potential US-led coalition to escort vessels through the waterway.
At 0940 GMT, crude oil futures were up 1.77 dollars, or.
1.72%, at 105.99 dollars a barrel.
(RADIOCOR) 16-03-26 10:57:33 (0206) 5 NNNN