Oil prices today: Crude climbs to $112 as Middle East energy hubs come under attack amid Iran war

 Global oil prices and European natural gas surged Friday following strikes on Iran’s energy infrastructure and retaliatory threats. Iran blamed the US and Israel, warning of attacks on key Gulf facilities, including Qatar’s Ras Laffan LNG hub, which reported extensive damage. This escalation has halted ship traffic through the Strait of Hormuz, intensifying supply concerns and likely causing market volatility. Global oil prices and European natural gas surged Friday following strikes on Iran’s energy infrastructure and retaliatory threats. Iran blamed the US and Israel, warning of attacks on key Gulf facilities, including Qatar’s Ras Laffan LNG hub, which reported extensive damage. This escalation has halted ship traffic through the Strait of Hormuz, intensifying supply concerns and likely causing market volatility.