Oil and gas prices surge after Israeli attack on Iran field

People gather for the funeral of Iranian security chief Ali Larijan in Tehran, Iran, yesterday. Photo: Reuters

Elena Mazneva, Patrick Sykes and Salma El Wardany

Bloomberg

Oil and European natural gas prices surged as Iran listed energy assets across the region that it could target in response to a US and Israeli attack on its upstream industry, threatening a new wave of supply disruption.

Brent oil climbed as much as 6.3pc to a high of $109.95 a barrel yesterday, while Europe’s gas benchmark jumped as much as 9.3pc, according to data from ICE Futures Europe.

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