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Brent Crosses $110 as Two Tankers Are Struck Near Jubail

One vessel was damaged in a rocket-propelled grenade attack; a second crew was evacuated and reported safe.

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An oil tanker transits Gulf waters northeast of Jubail, Saudi Arabia, in late-afternoon haze. / EconoTimes.ai
An oil tanker transits Gulf waters northeast of Jubail, Saudi Arabia, in late-afternoon haze. / EconoTimes.ai

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Two tankers were struck northeast of Jubail on Friday. Brent also moved above $110 a barrel, its first move to that level since May.

A small craft launched a rocket-propelled grenade at a vessel about 78 nautical miles northeast of Jubail, damaging it. No casualties were reported.

The second vessel was about 68 nautical miles northeast of Jubail when an unidentified projectile hit it. Its crew was evacuated, and all members were reported safe.

Brent settled at $109.86 a barrel, up 3.7% for the session, according to EconoTimes’ coverage of Friday’s close amid Strait of Hormuz supply concerns. The closing price was below the $110 level reached earlier in the day.

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