Brent surpasses 114 dollars, the highest value since April

Brent crude oil prices have surpassed $114, the highest since April, driven by rising tensions in the Middle East and fears of supply disruptions. The price rose 0.7% today, reaching $114.1 in London futures markets. Recent Iranian military actions against ships in the Persian Gulf and missile threats from Houthi rebels have heightened concerns. The U.S. has responded by evacuating non-essential personnel from the region and is considering military options against Iran post-elections.