Oil prices cross $109/barrel after Iran vows to hit Gulf energy sites

Iran's oil facilities in South Pars and Asaluyeh were attacked on Wednesday, prompting Tehran to warn that it would target energy installations across Saudi Arabia, UAE and Qatar. Oil prices jumped on the news, with Brent crude futures gaining over 5.1% ​to $109.42 per barrel. The war in Middle East has disrupted global oil supply, driving prices to record highs.