Brent surpasses 114 dollars, the highest value since April

The price of Brent crude oil has risen to over $114, the highest since April, driven by tensions in the Middle East. As of 05:00 TMG, Brent was priced at $114.1, following a 0.73% increase. The rise follows a 4% gain on Thursday amid fears of supply disruptions. Iran's Revolutionary Guard claimed to have attacked ships allegedly involved in illegal oil transfers. Meanwhile, U.S. President Donald Trump accused Iran of spreading false information to manipulate oil prices. Saudi Arabia intercepted a ballistic missile launched by Houthi rebels, who have claimed attacks on Saudi defense and oil facilities, prompting the U.S. to evacuate non-essential personnel and consider military action against Iran after the upcoming elections.