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Brent jumps 2% after strike on Iran’s oil tankers

Brent jumps 2% after strike on Iran's oil tankers

New Delhi, Oct 11 (SocialNews.XYZ) International oil prices surged over 2 per cent after Iran claimed that its oil tankers had been struck with missiles off the coast of Saudi Arabia.

The benchmark Brent Crude jumped as much as $60.65 per barrel from its previous close of $59.10 a barrel but cooled subsequently to $60.01 at the time of filing this report.

Last month, a major missile and drone attack on Saudi Arabian oil fields caused the prices to surge as much as $71 in the following day. Saudi Arabia had said that the damage to the two oil facilities was "unquestionably sponsored by Iran".

 

Source: IANS

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Brent jumps 2% after strike on Iran's oil tankers

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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