Oil Prices Rise After Kyiv Remarks and Attacks on Saudi Arabia

After Volodymyr Zelensky said attacks on Russia would continue, Brent crude rose to near $106 a barrel.

New York, October 12. /TASS/. According to Bloomberg, after Vladimir Zelensky's statements and new attacks on Saudi Arabia, oil prices have increased.

Brent oil prices rose to nearly $106 a barrel after Zelensky announced that attacks against Russia would continue. Earlier, US President Donald Trump claimed that Russia and Ukraine have agreed to an "energy ceasefire". In response to TASS's question, Russian presidential spokesman Dmitry Peskov said the Kremlin could not comment on the "energy ceasefire" issue yet, noting that contacts were ongoing.

In the Middle East, Saudi Arabia announced new drone and cruise missile strikes on Monday, following weekend attacks on Riyadh airport. Attacks on oil tankers in the critical Strait of Hormuz have also intensified, even with more crude flowing through the Persian Gulf.