Oil and gas prices continue to rise on Thursday, maintaining the upward trend seen the previous day amid the escalation of the conflict between the US, Israel, and Iran, including cross-border attacks on energy infrastructure. On Wednesday, Israel and the US attacked Iranian gas facilities, including the South Pars gas field in the Persian Gulf. In response, Iran launched attacks on targets in Qatar and the United Arab Emirates. US President Donald Trump stated he had no prior knowledge of the attack. In this context, the EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas, confirmed she is maintaining diplomatic contacts with Iran to seek 'different solutions' to the conflict and prevent further escalation in the region. Meanwhile, the price of Brent crude for May delivery continues its strong rally on Thursday, surging over 10% to nearly $120 per barrel due to heightened tensions in the Middle East following attacks on gas facilities. At 10:45 AM, according to Bloomberg data, Brent jumped 10.79% to $119.05 per barrel, having reached a high of $119.13. Meanwhile, US crude oil, WTI, is also rising, though with less force.
