Brent crude climbs 3.7% to $109.86 a barrel as attacks involving Iran, Houthi militants and Ukraine intensify concerns over global oil supplies.

Crude oil prices surged on Friday as escalating attacks involving Iran, Houthi militants and Ukraine heightened concerns about disruptions to global energy supplies.

Brent crude futures touched $110 a barrel during the session for the first time since May before easing slightly to settle at $109.86, marking a gain of 3.7%.

US West Texas Intermediate (WTI) crude rose 3.5% to close at $101.41 a barrel. WTI gained more than 10% over the week, while Brent advanced nearly 5%, reflecting mounting geopolitical risks and uncertainty surrounding oil shipments.

Saudi Arabia intercepted several missiles fired over the Red Sea on Friday, including one heading towards the Yanbu oil export terminal, a military spokesman said. Three drones were also destroyed in Riyadh and the kingdom’s southern regions.

Iran-allied Houthi militants in Yemen have repeatedly targeted Saudi Arabia this week, raising fears of further disruption across a strategically important energy-producing region.

Saudi energy officials also reported an attack on an administrative building belonging to oil giant Aramco in Dhahran on Tuesday.

The latest escalation comes amid heightened tensions around the Strait of Hormuz, a critical route for global oil shipments. Meanwhile, Ukraine has vowed to continue striking Russian refineries, adding to concerns over supply disruptions.

The developments have intensified market volatility as traders assess the potential impact of widening conflicts on crude production, transportation and international energy prices.