Brent Oil Jumps as Major Energy Assets Are Targeted in Mideast

Oil extended gains to more than 10% following attacks on some of the Middle East’s most important energy facilities, raising concerns of an escalating impact from the almost three-week-old conflict that has no end in sight.

Brent spiked past $118 a barrel, while the region’s diesel benchmark was trading north of $180 a barrel at the highest level in almost four years. European natural gas rose as much as 35%.